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South India cotton yarn may face sell-off amid Bangladesh unrest

The Mumbai market witnessed stability in cotton yarn prices as the market struggled to see buying activity. Bharat Shah, a power loom owner from Maharashtra, told Fibre2Fashion, "Cotton yarn prices remained steady amid weak demand. There will be minimal impact on yarn and fabric exports to Bangladesh if the new interim government takes control promptly. Any delay in the process may hurt Indian exports of yarn and fabric to the nation.”

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.