| 

South India cotton yarn steadies after MSP hike, buying increases

Cotton yarn prices remained steady in Mumbai, not experiencing further decline after easing at the beginning of the week. The MSP hike has altered market sentiments. However, buyers do not expect cotton yarn prices to fall further. A trader from Mumbai told Fibre2Fashion, "Cotton yarn prices were stable in the market, but buyers are more likely to book larger quantities after the rise in cotton MSP. Seasonal demand may pick up next month, but we cannot expect a sudden increase in buying; it will improve gradually."

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.