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South India cotton yarn prices down, no respite from slow demand

Cotton yarn prices further eased by &#****;*-* per kg in the last couple of days. Traders and stockists were offering lower prices as they faced very low demand. A trader from Mumbai told Fibre2Fashion, "The stockists and traders are unable to find buyers even at lower prices. Overall trade also dipped as nobody wanted to buy cotton yarn in bulk. Fabric demand was not supporting cotton yarn buying.”

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.