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Related Keywords: cotton prices remaining stable and ruling at lower levels compared to the international market, fabric, global cotton yarn trade during 2015, handloom, hosiery yarn, increased fabric demand, largest textiles and clothing exporter, made-ups, Merchandise Exports from India Scheme, moving yarn counts, open-end yarn, Prices of Shankar 6, raw cotton, Southern India Mill’s Association, surplus spinning capacity, Vietnam cotton yarn, yarn imports, yarn market, yarn prices, yarn used for weaving

Prices of Shankar 6, the popular cotton variety used by mills, are ruling at around Rs 43,000 per candy (a candy is about 355 kgs). The landed cost for imported cotton of a similar variety works out to Rs 48,000-50,000 per candy. Especially in the export market, cotton prices are ruling lower than the international market giving mills the much needed momentum.

Related Keywords: buyers stayed away, cotton bales, cotton inventories, Cotton market, extremely slow tone, falling cotton prices in the world markets, KCA, no transactions, slow off take of yarn, spot rate firm, Trading activity resumed, week opened, yarn market

Trading activity resumed on an extremely slow tone as the week opened at the cotton market as buyers stayed away due to slow off take of yarn and falling cotton prices in the world markets.

Although the SRO for waiver of duty and taxes on lint imports was issued by the government last week, spinners are now facing a new quandary as cotton yarn prices started to decline due to lack of buying from the value-added textile sector.

According to cotton broker Naseem Usman, the spinners have huge cotton inventories, due to which the yarn market has suddenly become depressed and slow.