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Mixed trend in south India's cotton yarn, prices down in Mumbai

Mumbai market witnessed downward trend in cotton yarn prices. Jai Kishan, a trader from Mumbai told Fibre2Fashion, “Cotton yarn prices softened &#****;*-* per kg in last couple of days because of slower demand. Traders and stockists who had earlier increased prices, were forced to reduce now. Fabric production in powerlooms increased but it was not enough to support yarn prices.” In Mumbai, ** count carded cotton yarn of warp and weft varieties were traded at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (GST extra) respectively. According to Fibre2Fashion’s market insight tool TexPro, ** combed warp cotton yarn 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.

But Tiruppur market noted steady trend in cotton yarn prices amid optimistic approach towards future demand. Trade sources said that overall sentiments were better but yarn prices remained stable because they were already hovering at higher level. Traders, however, felt that local demand of cotton yarn was still lower despite improvement in recent weeks. ** count combed cotton yarn was traded at &#****;***-*** per kg (GST extra), ** count combed at &#****;***-*** per kg and ** count combed at &#****;***-*** per kg in the Tiruppur market. Cotton yarn of ** count carded was sold at &#****;***-*** per kg, ** count carded at &#****;***-*** per kg and ** count carded at &#****;***-*** per kg, as per TexPro.