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South Indian cotton yarn prices ease amid weak export demand

The Mumbai market witnessed poor demand, prompting stockists, traders and spinners to reduce their selling prices. Cotton yarn prices decreased by &#****;*-* per kg across different counts and varieties in the last couple of days. A trader from the Mumbai market told Fibre2Fashion, “Spinning mills and stockists are under pressure due to the slow demand. The domestic market cannot support cotton yarn prices if export demand remains bearish. However, domestic demand may improve further after Pitra Paksh (the Hindu auspicious fortnight during which new purchases are forbidden), which will end on Wednesday."

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.