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South Indian mills under pressure as cotton yarn prices decline

In Mumbai, mills and traders are under pressure to clear their stocks, leading to a downward trend in cotton yarn prices. Prices dropped by &#****;*-* per kg. “Mills were calling brokers again to find prospective buyers. Normally, brokers have to ask mills for their demands when they have buyers, but mills are pushing them to find potential buyers now,” a trader from Mumbai told Fibre2Fashion.  

In Mumbai, ** count carded cotton yarn of warp and weft varieties traded at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (excluding GST), respectively. Other prices include &#****;***-*** per kg for ** combed warp, &#****;*,***-*,*** per *.* kg for ** carded (weft) cotton yarn, &#****;***-*** per kg for **/** count carded cotton yarn (warp), &#****;***-*** per kg for **/** count carded cotton yarn (warp), and &#****;***-*** per kg for **/** count combed yarn (warp), according to Fibre2Fashion&#**;s market insight tool TexPro.