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South Indian cotton yarn steady, demand weak even as workers return

In the Mumbai market, cotton yarn demand was average to steady. Current demand is helping maintain price stability. However, the increased return of workers in the weaving industry has not translated into stronger demand. A trader from the Mumbai market told Fibre2Fashion, “Workers are returning to power looms and auto looms, but loom owners are not inclined to ramp up fabric production. Cotton yarn demand may not improve in the next couple of weeks. The market is unlikely to see improvement before mid-July.” Sustainable support for cotton yarn demand may only come from higher export orders. While upcoming domestic festivals may spur demand, the effect is expected to be short-lived.

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.