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Cotton yarn prices steady in south India; Mumbai faces trading slump

The Mumbai market experienced partial trading activity with stable cotton yarn prices. Power looms continued to operate at reduced capacity due to the absence of workers who had not yet returned from their hometowns after Diwali. Buyers were also largely absent from the market. A trader in the Mumbai market informed Fibre2Fashion, “While trading activity in cotton yarn has improved, it is not yet at normal levels due to the absence of buyers. Current transactions are mainly need-based. Regular trading activity is expected to resume from next week.”

In Mumbai, ** carded yarn of warp and weft varieties were sold before Diwali 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.