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South India cotton yarn unmoved despite weaker rupee

In Mumbai, cotton yarn prices continued to hover at previous levels, with the market seeing persistently weak demand from the consumer industry. A trader from the Mumbai market told Fibre*Fashion, “Power looms and auto looms are utilising just ** per cent of their capacity as they are facing poor lifting from the garment industry. Summer garment manufacturing is still very slow due to a payment crunch.”

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.