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South Indian cotton yarn faces low demand, mills yet to decide rates

The Mumbai market noted stability in most counts and varieties of cotton yarn, as the market did not see any improvement in buying today. A trader from Mumbai told Fibre2Fashion, "The market did not see encouraging demand from buyers this month. Several counts and varieties were traded stably as mills did not raise their mill rates yet. Power loom owners are still producing fabric as per present orders. They are avoiding production for stocking purposes.”

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.