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Sentiments improve in south Indian cotton yarn trade as demand rises

In the Mumbai market, cotton yarn demand improved as the loom sector ramped up fabric production. Rising cotton prices are also encouraging buyers to place fresh orders. A trader from the Mumbai market told Fibre2Fashion, “Power looms and auto looms are seeing strong worker attendance, which has boosted cotton yarn consumption. Notably, fabric production has improved in Surat, Gujarat’s major textile hub. Buyers are closing deals without negotiating for discounts. Cotton yarn prices may rise in the near future.”

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.