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South Indian cotton yarn prices steady amid trade concerns

In the Mumbai market, average demand was observed despite earlier gains in cotton yarn prices this week. Prices remained stable over the past couple of days. The market is expected to witness better demand for cotton yarn next month. However, future price movements will largely depend on cotton prices in the coming weeks. A trader from the Mumbai market told Fibre2Fashion, “A possible ban on cotton yarn imports via the land route by Bangladesh would be negative news for the domestic cotton yarn trade. However, local demand is expected to improve next month as payment flows are likely to pick up in the new fiscal.”

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.