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Spinners eye cotton yarn price hike, but south India market stable

In the Mumbai market, cotton yarn prices remained at previous levels, although spinning mills were attempting to raise their selling prices. The recent rise in cotton prices has increased production costs. Payment flow was also sluggish in the central states of western India. A trader from the Mumbai market told Fibre2Fashion, “Currently, the Mumbai market is seeing steady demand from the consumer industry. Retail demand for garments and other consumer products is expected to improve with the summer season, which will support the entire textile value chain.”

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.