South Indian cotton yarn steady ahead of Union Budget

In the Mumbai market, cotton yarn prices did not see significant movement after last week’s rise. The market reported average demand for cotton yarn from the consumer industry. A Mumbai-based trader told Fibre*Fashion, “Cotton yarn demand is expected to improve in the coming weeks. Buyers want to wait for the outcome of the Union Budget, although there is little possibility of major changes for the textile industry. Cash flow is another cause for concern. Traders are diverting funds into precious metals and the stock market for quicker and more lucrative returns, which is slowing payment flows across the textile value chain.”

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.