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South India's cotton yarn prices stable; Mumbai faces liquidity issues

The Mumbai market witnessed a steady trend in cotton yarn and market sentiments were weak because of liquidity crunch and poor demand. A trader from Mumbai told Fibre2Fashion, “Traders cannot rely on one market, so they must utilise their liquidity in other markets including the stock market. But recent fall in stock market squeezed the liquidity from the cotton yarn market. Prices remained stable but trade was limited.” 

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. **/** 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.