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South Indian cotton yarn demand weakens, prices hold steady

In Mumbai, weaker demand was reported from the consumer industry. Power looms and auto looms are operating at nearly half capacity, with a large number of workers having gone on leave. Fabric demand is currently being met from existing stocks, and there was no significant movement in cotton yarn prices.

A trader from the Mumbai market told Fibre2Fashion, “Summer season’s cotton textile demand is almost over. However, a few varieties of fabric have seen strong demand, leading to stock depletion. Looms are operational in Maharashtra and Gujarat but are running with limited capacity. Hopefully, the workforce will return by mid-June, which should boost fabric production.”