| 

South Indian cotton yarn remains steady as year-end anxiety sets in

In the Mumbai market, the prices of cotton yarn have remained steady as the weaving industry showed little interest in purchasing. The market is affected by year-end anxiety, which is impacting market sentiment. A trader from the Mumbai market told Fibre2Fashion, "Foreign buyers will be on holiday in the second half of this month. Importers will slow down their garment buying in the next couple of weeks. Therefore, the entire value chain is expected to see a bearish trend in the coming week. The demand for cotton yarn has already dried up due to year-end anxiety."

In Mumbai, ** carded yarn of warp and weft varieties were sold 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.