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South India cotton yarn faces selling pressure amid poor demand

The Mumbai market witnessed weak demand for cotton yarn. Mills and stockists are under pressure in the current market scenario and are therefore offering discounts to attract potential buyers. A trader from the Mumbai market told Fibre2Fashion, “The market pipeline is already filled for domestic festive demand. Local demand will not be able to provide strong support. Current sluggish demand may not improve until a trade deal is reached between India and the US.”

In Mumbai, ** carded yarn of warp and weft varieties were traded 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 and **/** combed warp at &#****;***-*** (~$*.**-*.**) per kg, according to trade sources.