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Cotton yarn prices steady in south India amid payment rule concerns

A trader from Mumbai told Fibre2Fashion, “Mills were trying to increase yarn prices. But they were facing slow demand from the domestic and export markets. Spinners were unable to pass on the recent rise in cotton prices. Meanwhile, buyers worried about the new payment rule. Liquidity crunch was also a cause of concern for the market.”In Mumbai, ** carded yarn of warp and weft varieties were 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, **/** 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.

The Tiruppur market also noticed stability in cotton yarn prices. A trader from the Tiruppur market told F*F, “Yarn production costs increased after a steep increase in cotton prices. However, demand was not encouraging across the entire value chain of the textile industry. Payment rules also caused tight liquidity flow in the market. A sluggish trend may continue until the end of the current fiscal.”