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South India sees stable cotton yarn prices amidst slow demand

Mumbai saw limited buying due to a liquidity crunch in the downstream value chain. Buyers are more engaged in cash planning rather than purchasing cotton yarn. A trader from the Mumbai market told Fibre2Fashion, "The payment crisis may continue to dampen the cotton yarn trade for the next few weeks. Power looms operators, mainly small and micro enterprises (SME), need to purchase cotton yarn on advance payment but they must provide credit to fabric buyers. They will receive payment in the last month of the current fiscal (March) when the cash problem is expected to improve."

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.