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South India's cotton yarn trade slows amid weak demand

Mumbai market stabilised after a &#****;*–* per kg price drop earlier this week. However, the lower prices failed to stimulate buying, as the fabric trade also remained sluggish. A Mumbai-based trader told Fibre2Fashion, “Loom workers will return in the first week of June, but cotton yarn buying has not yet picked up. Power looms and auto looms are seeing poor fabric offtake from the garment industry. The rainy season typically sees higher demand for rough-quality yarn, but traders are uncertain if demand will improve this year.”

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.