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Rains dampen sentiments in South India yarn trade, but cotton moves up

In Mumbai, cotton yarn prices remained steady amid slower demand. The market noted better buying in the beginning of this week, but it slowed down due to heavy rains. A trader from Mumbai market told Fibre2Fashion, “Normal life and economic activities were hampered in Mumbai and other areas which dented demand of cotton yarn from weaving industry. Heavy stocks in the entire value chain can contain the demand in festival season.”

Cotton yarn prices were stable in Mumbai market, where ** carded yarn of warp and weft varieties were sold at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (excluding GST), respectively. Other prices include ** combed warp &#****;***-*** per kg, ** carded weft &#****;*,***-*,*** per *.* kg, **/** carded warp &#****;***-*** per kg, **/** carded warp &#****;***-*** per kg and **/** combed warp &#****;***-*** per kg, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro.