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South Indian cotton yarn faces sluggish demand, prices drop in Mumbai

Mumbai saw a decline of &#****;*-* per kg across various counts and varieties of cotton yarn. Spinning mills and stockists are offering lower prices to attract potential buyers. A trader from the Mumbai market told Fibre2Fashion, “Cotton yarn demand has further reduced as power looms and auto looms will face a labour shortage due to the forthcoming Ramadan month. In the absence of workers, loom owners will have to reduce fabric production in the coming weeks. The cotton yarn trade is already facing payment constraints. Annual closing will also divert focus from production and the purchase of raw materials.”

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.