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South Indian cotton yarn trade gains momentum, prices up in Mumbai

The Mumbai market witnessed an increase in cotton yarn prices, with prices rising by &#****;*–* per kg in a few counts and varieties of cotton yarn. The market saw improved demand, as the recent rise in cotton prices encouraged yarn buying. A trader from the Mumbai market told Fibre2Fashion, “Although the market is still facing payment issues, the increase in cotton prices has motivated yarn buyers. Power looms and auto looms are purchasing yarn to ramp up production. Strong buying from looms may continue for the next couple of weeks.”

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.