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South Indian cotton yarn prices hold steady amid weak demand

The Mumbai market witnessed reduced demand from the downstream industry, as power looms and auto looms have curtailed production due to labour shortages. Fabric demand is currently being met from existing stock. There was no significant movement in cotton yarn prices. A trader from the Mumbai market told Fibre2Fashion, “Cotton yarn trade is more reliant on domestic demand, which remains weak due to lower fabric production. Loom owners have already built up sufficient stock to meet near-future demand. Despite the rise in cotton prices, sellers are offering discounts to attract potential buyers.”

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.