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Cotton yarn prices steady in south India; payment crisis lowers demand

The Mumbai cotton yarn market remained stable, with limited demand from power looms due to slower production and a payment crisis. “The demand was weak as buyers were absent, and weaving activities slowed down because of muted buying from the garment industry. The payment crisis contributed to lower demand as various holidays impeded banking services, affecting the payment flow throughout the textile value chain,” Bharat Shah, a trader from Mumbai, told Fibre2Fashion. 

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