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Cotton yarn prices steady in south India as cash crunch impacts demand

In Mumbai, cotton yarn prices were hovering at previous levels. Powerlooms remained cautious for new buying. Heavy rains also restricted weaving industry’s production. A trader from Mumbai market told Fibre2Fashion, “Fabric demand was poor which caused for payment issue in the market. Buyers remained in hand-to-mouth situation due to uncertain market conditions. Traders and spinners were offering discounts if buyers gave commitment of buying in large quantity.”

In Mumbai, ** count carded cotton yarn of warp and weft varieties was sold at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (excluding GST), respectively. ** combed warp was offered at &#****;***-*** per kg, ** carded (weft) cotton yarn at &#****;*,***-*,*** per *.* kg, **/** count carded cotton yarn (warp) &#****;***-*** per kg, **/** count carded cotton yarn (warp) &#****;***-*** per kg and **/** count combed yarn (warp) &#****;***-*** per kg, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro.