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South India cotton yarn sees limited trade, prices hold firm

In Mumbai, spinning mills were attempting to clear stock to boost cash flow. Mills aimed to raise liquidity to cover expenses ahead of Diwali. A trader from the Mumbai market told Fibre*Fashion, “Every year, mills clear cotton yarn stock ahead of Diwali. They need more funds before the festival. But they are not willing to reduce prices. After Diwali, they expect export demand to support cotton yarn.”

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.