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Payment issues in south India's cotton yarn; fabric demand offers hope

The Mumbai market witnessed a bearish tone in cotton yarn trade as buyers were cautious about fresh purchases. They are facing payment issues as everyone wants to focus on clearing payments due to obligations to small and micro enterprises. However, cyclic slow buying is also considered a responsible factor. A trader from the Mumbai market told Fibre2Fashion, “Currently, cotton yarn demand is slow due to the payment crisis. Power loom owners may come back for buying as they are getting better than average fabric demand. They will buy cotton yarn when they consume their present stock for fabric production. But strong demand can be expected in case of an ease in payment flow.”

In Mumbai, ** carded yarn of warp and weft varieties were traded at &#****;*,***-*,*** (~$**.**-$**.**) and &#****;*,***-*,*** per * kg (~$**.**-$**.**) (excluding GST), respectively. Other prices include ** combed warp at &#****;***-*** (~$*.**-$*.**) per kg, ** carded weft at &#****;*,***-*,*** (~$**.**-$**.**) per *.* kg, **/** carded warp at &#****;***-*** (~$*.**-$*.**) per kg, **/** carded warp at &#****;***-*** (~$*.**-$*.**) per kg and **/** combed warp at &#****;***-*** (~$*.**-*.**) per kg, according to trade sources.