The Mumbai cotton yarn market has experienced increased demand, resulting in a rise in cotton yarn prices. Trade sources indicated that fabric demand from the garment industry has improved recently. A trader from Mumbai told Fibre2Fashion, “The recent surge in cotton prices was the main reason for the increase in yarn prices, as buyers were encouraged by the anticipation of a price rise throughout the value chain. The prospects of higher production in power looms also supported yarn prices.”
Cotton yarn prices in south India increased due to better buying and a recent rise in natural fibre value.
The Mumbai cotton yarn market experienced increased demand, resulting in a rise in prices, and trade sources indicated that fabric demand from the garment industry has improved.
In the Tiruppur market, demand increased from the downstream industry.
In Mumbai, 60 count carded cotton yarn of warp and weft varieties were traded at ₹1,550-1,580 and ₹1,435-1,460 per 5 kg (GST extra), respectively. According to Fibre2Fashion’s market insight tool TexPro, 60 combed warp was priced at ₹350-353 per kg; 80 carded (weft) cotton yarn was sold at ₹1,460-1,500 per 4.5 kg; 44/46 count carded cotton yarn (warp) was priced at ₹280-285 per kg; 40/41 count carded cotton yarn (warp) was sold at ₹272-276 per kg, and 40/41 count combed yarn (warp) was priced at ₹294-307 per kg.
The Tiruppur market also experienced increased demand from the downstream industry, although cotton yarn traded at previous prices. Trade sources mentioned that buyers were eager to purchase more yarn for stocking and future consumption. Consumer industries only bought raw materials to fulfil their immediate requirement, as they did not anticipate the price rise. However, the end of the cotton arrival season has prompted industry units to maintain their stocks.
In the Tiruppur market, 30 count combed cotton yarn was traded at ₹280-285 per kg (GST extra), 34 count combed at ₹292-297 per kg, and 40 count combed at ₹308-312 per kg. Cotton yarn of 30 count carded was sold at ₹255-260 per kg, 34 count carded at ₹265-270 per kg, and 40 count carded at ₹270-275 per kg, as per TexPro.
In Gujarat, cotton prices remained bearish following gains in previous trading sessions. Prices were quoted at ₹62,800-63,300 per candy of 356 kg, which was ₹200 per candy lower than yesterday. Trade sources indicated that there was a good arrival of cotton, along with regular buying from spinning mills. Recent reports of poor monsoon predictions have not significantly impacted cotton trade, as the market has yet to account for the major factors affecting cotton area and production. Cotton arrival in Gujarat was recorded at 32,000 bales of 170 kg, while the all-India arrival was estimated at around 1.10 lakh bales.
Fibre2Fashion News Desk (KUL)
