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South India cotton yarn steady amid buyer caution, market uncertainty

In the Mumbai market, cotton yarn prices remained stable after a steep rise last week. Buyers are hesitant to purchase at higher prices. A trader from the Mumbai market told Fibre2Fashion, "The market seems to be reversing. Buyers will only return once they clear their previous stocks, avoiding risks in the current uncertain market.” Power looms are only producing fabric when there is confirmed demand and are avoiding speculative production.

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.