| 

Ind-Pak ceasefire lifts sentiment, cotton yarn steady in south India

The Mumbai market witnessed stable cotton yarn prices. A trader from Mumbai told Fibre2Fashion, “Spinning mills are not willing to reduce their selling rates. Slower consumption in the loom sector, due to a labour shortage, continues to affect cotton yarn demand. However, lower production of cotton yarn is offsetting weak demand to some extent. Spinning mills are also facing a labour shortage, leading to reduced cotton yarn supply.”

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