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South Indian mills cut discounts amid rise in cotton prices

In Mumbai, cotton yarn prices rose &#****;*-* per kg for **s and **s counts due to mills reducing discounts on their card rates, which led to a rise in market prices. A Mumbai trader told Fibre2Fashion, "Cotton yarn prices rose as mills aimed to boost their net prices. More expensive cotton increased their production costs. The prices rose specifically in **s and **s counts, counts which saw better demand from the weaving industry." 

In Mumbai, ** carded yarn of warp and weft varieties was sold 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 *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro.