Cotton yarn prices steady in south India, fabric buying remains weak

Cotton yarn market in south India remained stable, no significant changes were noted. However, increased purchases of cotton yarn indicate a positive trend in the market, according to traders. In contrast, the textile industry has not ramped up production due to the lack of demand from the garment industry. As a result, power supply companies in Maharashtra and other states operate partly due to a decrease in purchasing power from the apparel sector. Cotton yarn was traded at previous levels in both the Mumbai and Tiruppur markets.

In Mumbai, cotton yarn prices fluctuated around previous levels due to the lack of market stimulus measures from the demand side. “Weaving activities in Maharashtra have not yet flourished as demand for fabrics remains low. However, a positive outlook persists in the yarn market, based on the anticipation of higher prices in the future.” Bharat Shah, a trader in a Mumbai market, told Fiber2Fashion.

In southern India, the cotton yarn market remains stable, but increasing purchasing power indicates a positive trend. The textile industry did not boost production due to low demand from the garment industry, which led to the operation of part of the loom in Maharashtra and other states. Despite stagnant prices, traders in Mumbai and Tiruppur remain optimistic about future price growth.

In Mumbai, 60 warp and weft carded cotton yarns are sold for ₹1,470-1,500 and ₹1,340-1,380/5 kg, respectively (excluding GST). Other prices include combed warp 60 ₹345-352 per kg, 80 carded cotton yarn (weft) ₹1,420-1,450 per 4.5 kg, carded cotton 44/46 (warp) ₹264 -272 per kg, 40/41 carding of cotton yarn (warp) 256-264 Rs/kg and combed yarn count 40/41 (warp) 280-287 Rs/kg, according to Fiber2Fashion’s TexPro Market Insights Tool.

In Tiruppur, cotton yarn prices remained stable amid rising demand. Traders believe that this increase can lead to future price increases. Talking to F2F, a trader in Tiruppur said, “Positive sentiment remains intact in the local market. Cotton yarn has been trading at the previous price. But higher demand raises prospects for future growth in both demand and price.”

Prices in the Tiruppur market are recorded for 30 combed cotton yarn at Rs 264-270/kg (excluding GST), 34 combed cotton yarn at Rs 275-280/kg, combed cotton yarn 40 Cost of carded cotton yarn is Rs 285-292/kg, carded cotton yarn of 30 counts at Rs 240-245/kg, carded cotton yarn of 34 counts at Rs 247-252/kg and carded cotton yarn of 40 counts at Rs. 250-257 Rs/kg, per TexPro.

Meanwhile, in Gujarat, cotton prices stabilized after falling in the past few days. The textile industry shows slower demand, prompting harvesters to keep their stocks, expecting prices to rise. Despite global signs pointing to an uptrend due to increased cotton exports from the US to China and beyond, the domestic market remains unaffected. Cotton is traded at Rs 58,000-58,500/candy (356 kg). Estimates of cotton arrivals in Gujarat are 24,000-27,000 bales of 170 kg, with total shipments to India expected at 75,000-80,000 bales of 170 kg.

Fiber2Fashion News Desk (KUL)


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