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South Indian cotton yarn sees stronger sentiments, prices up in Mumbai

However, the Mumbai market also witnessed a declining trend in cotton yarn prices. Prices fell by &#****;*–* per kg for a few counts and varieties of cotton yarn. Sluggish demand from the downstream industry has driven prices down over the past couple of days, as the market grapples with a payment crisis. A trader from the Mumbai market told Fibre2Fashion, “Payment conditions are not expected to improve until the end of this month. Buyers have ignored the recent increase in cotton fibre prices. They may return to the market next month.”

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.