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South Indian cotton yarn prices steady amid limited buying

In the Mumbai market, cotton yarn prices were stable amidst slow demand. Power looms are operating at partial capacity as they remain cautious about accumulating fabric stocks. A trader from the Mumbai market told Fibre2Fashion, “Summer garment production activities are still slow. Moreover, stockists and traders are avoiding offering credit facilities to buyers due to squeezed margins. Therefore, buyers have fewer attractive deals for purchasing cotton yarn.”

In Mumbai, ** carded yarn of warp and weft varieties were sold before Diwali 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.