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Selling pressure in south Indian cotton yarn market amid poor demand

The cotton yarn market in Mumbai is experiencing selling pressure, with millers, stockists, and traders seeking buyers to clear their stocks of cotton yarn. However, power loom owners are not interested in purchasing large quantities. "Although cotton yarn prices remained stable, sellers were offering discounts on declared prices to attract buyers. The weaving industry is also facing lower demand from garment manufacturers," a trader from Mumbai market told Fibre2Fashion. A new trend of blending cheaper fibres has also been observed in the fabric market, with cotton-polyester, cotton-viscose, polyester and viscose fabrics gaining popularity due to their price margins. The fabric and garment industry is adopting cheaper raw materials to protect their margins. 

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.