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South India cotton yarn prices steady; low demand shuts power looms

Cotton yarn prices in Mumbai&#**;s market remained steady, despite scant trading activity due to a majority of power looms shutting down. The closures are a result of low demand from the garment industry. A Mumbai trader told Fibre2Fashion, "Power looms in Maharashtra and other regions are incurring significant losses due to poor garment industry demand. They have decided to cease operations for three weeks to avoid further losses." Trade experts are calling for immediate government intervention to curb the influx of fabric and garment imports from China and Bangladesh, warning that the domestic industry faces an unsustainable future in the current challenging market. 

In Mumbai, ** carded yarn of warp and weft varieties were sold 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, **/** combed warp at &#****;***-*** and **/** carded warp at &#****;***-*** per kg, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro.