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Cotton yarn prices fall on slow buying in south India

In Mumbai, cotton yarn prices decreased by &#****;*-* per kg due to slow demand. A trader from Mumbai told Fibre2Fashion, “SME payment rule discouraged buying of cotton yarn. If new government indicates for ease in the provision, the market can take a U-turn after mid-June. Currently, manufacturers are buying raw material on heavy discount and are selling finished product on discounts. They are just trying to keep their production running with little or no margin. It caused for decline in cotton yarn prices.”

In Mumbai, **-carded yarn of warp and weft varieties were sold at &#****;*,***-*,*** (approximately $**.**-$**.**) and &#****;*,***-*,*** (approximately $**.**-$**.**) (excluding GST), per * kg respectively. Other prices include ** combed warp at &#****;***-*** (approximately $*.**-$*.**) per kg, **-carded weft at &#****;*,***-*,*** (approximately $**.**-$**.**) per *.* kg, **/**-carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, **/**-carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, **/** combed warp at &#****;***-*** (approximately $*.**-$*.**) per kg, and **/**-carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, according to trade sources.