Mixed trends in south India’s cotton market; prices up in Mumbai

The cotton yarn market in southern India has been trending mixed lately, with prices in Mumbai rising while prices in Tiruppur fell due to weak demand. Traders in Mumbai reported an increase in cotton yarn prices by Rs 2-5/kg, as stockists and traders were quick to take advantage of lower market prices. In contrast, according to trade sources in Tiruppur, the market there continues to decline. Different types and quantities of cotton yarn were reduced by Rs 2/kg.

Cotton yarn prices in Mumbai increased by Rs 2-5/kg after cotton prices fell. The price drop attracted buyers, looking to average their holdings. A trader from Mumbai market, talking to Yarn2Fashionemphasized, “Demand and consumption from the textile industry should not be confused. There has been an increase in purchases from traders and hoarders trying to reduce holding costs. However, there has not been any any noticeable improvement from the consumer sector”.

Cotton yarn prices in south India are trending in the opposite direction. Mumbai experienced a price increase of ₹2-5/kg, as stockists and traders took advantage of the lower prices. However, prices in Tiruppur fell by Rs 2/kg due to weak demand and losses. In Gujarat, despite slow buying from mills, cotton prices increased by Rs 1,000-1,200/candy (356 kg).

In Mumbai, cotton yarn is traded at a premium of Rs2-5/kg. 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) Rs 256-264 per kg and combed yarn count of Rs 40/41 (warp) 280-287 Rs/kg, according to Fiber2Fashion’s TexPro Market Insights Tool.

In Tiruppur market, cotton yarn price showed signs of weakness, down 2 Rs/kg as buyers hesitated to buy new goods. Mills have kept their tag prices unchanged for the month, aiming to maintain prices at current levels due to a reported loss of ₹10-15/kg. Talking to F2FA trader from Tiruppur explains, “Demand for cotton yarn has not spiked. The textile and garment industry does not buy raw materials because they lack orders from buyers. They are currently waiting for orders both domestically and internationally. export.”

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 Costs are Rs 285-292/kg , carded cotton yarn 30 counts at Rs 240-245/kg, carded cotton yarn 34 counts at Rs 247-252/kg and carded cotton 40 counts at 250- Rs 257/kg, by TexPro.

In Gujarat, cotton prices increased despite slow purchasing from cotton mills. Natural fiber has increased by Rs 1,000-1,200/candy (356 kg) in the past few days. According to trade sources, grape growers are not too worried. They have taken into account the loss due to arbitrage and are now aiming to hold inventories to support cotton prices. Cotton traded between ₹58,000 and ₹58,500 per candy (356 kg). Estimates of cotton arrivals in Gujarat are around 18,000-20,000 bales (170 kg each), while estimates for the whole of India are around 65,000-70,000 bales (170 kg each).

Fiber2Fashion News Desk (KUL)


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