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South Indian cotton yarn prices dip; revival hopes in Bangladesh

The Mumbai market witnessed steadiness in cotton yarn prices amid slow demand from weavers. However, there was optimism regarding a revival of demand from the Bangladeshi garment industry. A trader from Mumbai told Fibre2Fashion, "The formation of a new government in Bangladesh is good news for the textile industry. It will bring confidence to industries to resume their operations, which will be a good sign for the Indian textile industry.” The industry had to halt production due to the crisis in the country.

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.