Fashion
Weak rupee lifts south Indian cotton yarn exports, Mumbai prices firm
In the Mumbai market, cotton yarn prices firmed by ****;*–* per kg as mills quoted higher rates to recover the recent increase in raw cotton prices. However, domestic demand for cotton yarn was not very strong. A Mumbai-based trader told Fibre*Fashion, “The falling rupee against the US dollar has provided additional cushioning for spinners, enabling them to sell more cotton yarn in the export market. Domestic summer demand is likely to pick up in the coming weeks, but current lifting of cotton yarn remains weak.”
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.