Cotton has moved up from the bottom levels as was expected and Indian currency appreciated by a good 2% against the USD compared to the week earlier, this led to yarn prices increasing by 3-5 cents/kg. Still many positive and negative news globally as well as in India is keeping markets range bound and no major changes.

Cotton more or less same and no major changes in yarn prices also, buying is very very slow & spinning mills also confused whether they should cut some production as already losses in selling yarn as per today market prices. Even buyers not have much orders to buy yarn. so just watching, all in all very very slow situation.