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Cotton yarn stable amid slow demand, indirect optimism from budget

The Mumbai market witnessed weak demand due to a liquidity crunch in the downstream value chain. Poor demand and a focus on clearing SME dues have reduced the buying of cotton yarn. A trader from the Mumbai market told Fibre2Fashion, “Although cotton yarn prices have remained stable, demand is really slow. It may not improve until the end of March this year. This is the same period when cotton yarn demand usually picks up for summer garmenting. It means that the consumer industry will stay ‘hand-to-mouth’ until March. Demand may pick up only after the current fiscal year.”

In Mumbai, **-carded yarn of warp and weft varieties was 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.