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Bearish tone persists in south Indian cotton yarn trade, prices stable

Mumbai market noted poor demand from downstream industry as buyers were very cautious for fresh buying. A trader from Mumbai told Fibre2Fashion, "Stockists, traders and mills are feeling pressure due to slow demand. They are offering discounts at current prices to attract buyers. The market is not likely to see better buying in the next few weeks.”

In Mumbai, **-carded yarn of warp and weft varieties were sold 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.