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South India cotton yarn demand slows, prices hold steady

The Mumbai market witnessed stable cotton yarn prices amid below-average demand from power and auto looms. Several factors have impacted yarn buying. A trader from Mumbai told Fibre2Fashion, “Payment conditions are still tight, reducing buying capacity. A huge inventory of fabric is lying with producers and stockists. Power looms are also struggling due to frequent outages. Export and domestic demand for cotton yarn remains sluggish.”

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