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Confusion over new payment rules slows south India's cotton yarn trade

A trader from Mumbai shared with Fibre2Fashion, "Buyers have remained silent regarding new purchases due to concerns about the new payment rules. Sellers are also reluctant to sell their stock as they lack assurance regarding payments under the new regime. No one is willing to engage in business until there is clarity regarding payments."

In Mumbai, ** carded yarn of warp and weft varieties were sold at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (excluding GST), respectively. Other prices included ** combed warp at &#****;***-*** per kg, ** carded weft at &#****;*,***-*,*** per *.* kg, **/** carded warp at &#****;***-*** per kg, **/** carded warp at &#****;***-*** per kg, **/** combed warp at &#****;***-***, and **/** carded warp at &#****;***-*** per kg, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro.