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Cotton yarn prices steady due to weak demand in South India

Mumbai market witnessed a steady trend in cotton yarn prices. Buyers were not interested which pulled down market sentiments. “Demand slowed down because of the sluggish trend in the downstream industry. Spinners were facing pressure to clear their stocks. Loom owners are least interested in production. But they were trying to sell their stocks,” Bharat Shah, a trader from Mumbai told Fibre2Fashion. Another trader said that buyers were cautious due to the upcoming Union budget. 

In Mumbai, ** count carded cotton yarn of warp and weft varieties were traded at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (GST extra) respectively. ** combed warp was priced at &#****;***-*** per kg, and ** carded (weft) cotton yarn was sold at &#****;*,***-*,*** per *.* kg. **/** count carded cotton yarn (warp) was priced at &#****;***-*** per kg. **/** count carded cotton yarn (warp) was sold at &#****;***-*** per kg and **/** count combed yarn (warp) was priced at &#****;***-*** per kg, according to Fibre2Fashion’s market insight tool TexPro.