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Cotton yarn prices hold steady amidst sluggish market in south India

The Mumbai market has seen stability in cotton yarn prices. Tight payment conditions, the year-end holiday, and uncertainty regarding demand from the downstream industry are major factors for slow buying. A trader from the Mumbai market told Fibre2Fashion, "Cotton yarn demand is likely to remain slow until the middle of next month. Summer demand is expected to pick up at the end of January. People in the textile value chain are not very keen on trading ahead of the New Year celebrations."

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