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Cotton yarn demand weakens in South India amid export uncertainty

A bearish tone persisted in the Mumbai cotton yarn market. While prices remained stable, mills and stockists largely insisted on holding rates. However, they were open to offering discounts for bulk purchases on a case-by-case basis. A trader from the Mumbai market told Fibre2Fashion, “Israel’s attack on Iran has further dashed hopes for strong garment export demand. Importers are adopting a cautious approach to placing orders amid such geopolitical instability. The spike in crude oil prices following the attack is also impacting energy and other economic sectors. Additionally, uncertainty regarding US tariffs is a cause of concern in the market.”

In Mumbai, ** carded yarn of warp and weft varieties were traded 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.