Indian cotton yarn prices soften as mills curb purchases

Indian cotton yarn prices are falling as weaving and textile mills buy less, even though raw cotton supply is tight. Mills are offering lower prices to sell more, but buyers are waiting for even lower prices.

Mills are buying less J-34 cotton and selling more waste and hank yarn at lower prices. Weaving and garment makers are only buying what they need, keeping yarn inventories low and giving them more power in negotiations.