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Sentiments weak in south India's cotton yarn market, prices stable

The Mumbai cotton yarn market has not seen any improvement in sales even after Ramadan. Millers, stockists, and traders are uncertain about the demand. Power loom owners are not eager to buy due to a lack of demand from the garment industry. “There was hope for better sales after Ramadan, but it did not materialise due to sluggish demand from the garment industry, which is ultimately driven by consumers who do not have the funds to purchase garments,” a trader from Mumbai market told Fibre2Fashion. Despite this, cotton yarn prices have remained stable. 

In Mumbai, ** count carded cotton yarn of both warp and weft varieties are being traded at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (GST extra) respectively. The ** combed warp is priced at &#****;***-*** per kg, while ** carded (weft) cotton yarn is sold at &#****;*,***-*,*** per *.* kg. The **/** count carded cotton yarn (warp) is priced at &#****;***-*** per kg, **/** count carded cotton yarn (warp) is sold at &#****;***-*** per kg, and **/** count combed yarn (warp) is priced at &#****;***-*** per kg, according to Fibre2Fashion’s market insight tool TexPro.