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South Indian cotton yarn prices remain stable as headwinds persist

The Mumbai market experienced a brief surge in demand earlier this week. However, demand weakened over the last couple of days, forcing mills to sell their production at previous rates. They could not pass on the increased cotton prices. A trader from the Mumbai market told Fibre2Fashion, “A brief spurt in cotton yarn demand from the garment industry provided much-needed relief to fabric and yarn manufacturers. But the demand could not sustain, and pressure increased on stockists and mills. The shift in cotton yarn demand towards polyester fibre may also be contributing to the slowdown.”

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