Fashion
South India cotton yarn trade hit by weak demand
In the Mumbai market, cotton yarn prices moved at previous levels, as there was no encouraging demand from the consumer industry. A Mumbai-based trader told Fibre*Fashion, “Cotton yarn prices had earlier seen a steep rise, which hurt buying interest. Fabric demand remained slow, denting cotton yarn purchases. However, mills are not interested in correcting prices.”
In Mumbai, ** carded yarn of warp and weft varieties were traded at ****;*,***–*,*** (~$**.**–**.**) and ****;*,***–*,*** per * kg (~$**.**–**.**) (excluding GST), respectively. Other prices include ** combed warp at ****;***–*** (~$*.**–*.**) per kg, ** carded weft at ****;*,***–*,*** (~$**.**–**.**) per *.* kg, **/** carded warp at ****;***–*** (~$*.**–*.**) per kg, **/** carded warp at ****;***–*** (~$*.**–*.**) per kg and **/** combed warp at ****;***–*** (~$*.**–*.**) per kg, according to trade sources.