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South India cotton yarn prices steady amid weak market sentiment

The Mumbai market experienced slow demand for various counts and varieties of cotton yarn, although prices remained steady. A trader from the Mumbai market told Fibre2Fashion, “Buyers are hesitant to make fresh purchases. Domestic issues continue to influence the cotton yarn market. Continuous disruptive announcements from the US are also dampening sentiment in the local cotton yarn market. Hopefully, we may see positive signs in April ****.”

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.