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South India cotton yarn faces slow demand, prices down in Mumbai

Mumbai market noticed fall of &#****;*-* per kg as spinning mills are feeling pressure to sell its production. They are offering some discounts to potential buyers on a case-to-case basis. A trader from Mumbai market told Fibre2Fashion, “Cotton yarn prices eased as cash crisis is hurting buying capacity in the market. Mills and stockists are offering higher discounts to attract buyers. Duty removal on cotton import is a welcome step, but the market did not see any positive sign.”

In Mumbai, ** carded cotton yarn of warp and weft varieties were traded 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.