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Limited inventory focus cools cotton yarn demand in south India

The Mumbai market did not see any improvement in demand. Cotton yarn prices remained steady. Buyers were absent from the market as they do not want to deploy more capital in stocks. A trader from Mumbai told Fibre2Fashion, "Buying appetite has reduced in the entire value chain as buyers want to manage their inventories without engaging more capital. They are facing a lack of confidence regarding an upward trend in the coming week even though festival buying will begin next month.”

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.