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South India sees sluggish cotton yarn demand, prices drop in Mumbai

In Mumbai, prices for ** count cotton yarn varieties declined due to weak demand and price reductions by spinning mills. Prices dropped by &#****;*–* per kg as mills cut their rates amid subdued demand. A trader from Mumbai told Fibre2Fashion, “Power looms and auto looms are facing an acute shortage of workers, which has reduced cotton yarn consumption over the past *–* weeks. Consumption may remain low until the first week of next month, when labourers are expected to return from their native places.”

In Mumbai, ** carded yarn of warp and weft varieties were traded at &#****;*,***-*,*** (approximately $**.**-**.**) and &#****;*,***-*,*** per * kg (approximately $**.**-**.**) (excluding GST), respectively. Other prices include ** combed warp at &#****;***-*** (approximately $*.**-*.**) per kg, ** carded weft at &#****;*,***-*,*** (approximately $**.**-**.**) per *.* kg, **/** carded warp at &#****;***-*** (approximately $*.**-*.**) per kg, **/** carded warp at &#****;***-*** (approximately $*.**-*.**) per kg and **/** combed warp at &#****;***-*** (approximately $*.**-*.**) per kg, according to trade sources.