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South India's cotton yarn prices stable before Budget 2023-24

Mumbai market witnessed a steady demand, thus cotton yarn was sold at previous levels. Buyers were cautious before the budget announcement. “Cotton yarn demand was already weak, and buyers stayed away again due to the impending budget. The government’s proposals influence market sentiments and prices take direction from the policy document,” a trader from Mumbai told Fibre2Fashion. 

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