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South Indian cotton yarn weakens due to tight payment, cautious buying

In the Mumbai market, cotton yarn prices have remained stable except for a few counts and varieties. The market has noted a scarcity of payments and poor demand from the garment industry. A Mumbai market trader told Fibre2Fashion, "Several factors are affecting sentiment in the cotton yarn market. Tight payment conditions have diminished the buying capacity of the consumer industry. Buyers are also cautious ahead of the country’s budget for the next fiscal ****-**. Power looms and auto looms have scaled back production, anticipating weak demand from the garment industry."

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.