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Finance crunch, uncertainty persist in south Indian cotton yarn market

The cotton yarn market in Mumbai continues to face financial constraints and slower demand. Most varieties and counts of cotton yarn remained stable, but ** carded weft yarn has decreased by &#****;**-** per * kg. "Buyers were not interested in purchasing new consignments as they wanted to maintain a hand-to-mouth approach. The financial crunch is the main cause of poor buying, as buyers do not have the money to buy more yarn because the money did not come back from the downstream industry. The payment condition may improve in the first half of next month if market conditions remain stable, as payments will come back on a certain cycle,” Bharat Shah, a trader from Mumbai, told Fibre2Fashion.

In Mumbai, ** count carded cotton yarn of warp and weft varieties were traded at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (GST extra) respectively. The ** combed warp was priced at &#****;***-*** per kg; ** 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.