In Mumbai, cotton yarn prices have decreased by ₹3-7 per kg, with demand remaining stagnant despite the monsoon season’s revival. A trader from the Mumbai market told Fibre2Fashion, “After the summer season, the workforce typically increases, necessitating an uptick in power loom production. Yet, this season, we haven’t observed an increase in yarn purchases. The current bearish market conditions may not encourage power looms to enhance their output.”
South India’s cotton yarn prices continue to decline due to insufficient orders from the garment industry affecting the weaving sector.
Despite expectations that the monsoon season would boost power loom production and thus yarn demand, there has been no noticeable improvement.
Prices have dropped by up to ₹7 per kg in Mumbai and Tiruppur markets.
In Mumbai, 60 count carded cotton yarn of warp and weft varieties was sold at ₹1,420-1,445 and ₹1,290-1,330 per 5 kg (excluding GST), respectively. Other prices include 60 combed warp at ₹325-330 per kg, 80 carded (weft) cotton yarn at ₹1,325-1,350 per 4.5 kg, 44/46 count carded cotton yarn (warp) at ₹254-260 per kg, 40/41 count carded cotton yarn (warp) at ₹244-248 per kg and 40/41 count combed yarn (warp) at ₹270-275 per kg, according to Fibre2Fashion’s market insight tool TexPro.
In the Tiruppur market, cotton yarn prices have fallen by another ₹2-3 per kg. Mills have been offering larger discounts to buyers as they face difficulties in selling their output. A trader from Tiruppur told F2F, “Mills have not reduced prices but they are providing greater discounts. Selling cotton yarn has become increasingly challenging for mills as the consumer industry is cautious about new purchases.”
Prices in the Tiruppur market were noted as 30 count combed cotton yarn at ₹260-265 per kg (excluding GST), 34 count combed cotton yarn at ₹272-278 per kg, 40 count combed cotton yarn at ₹282-288 per kg, 30 count carded cotton yarn at ₹238-243 per kg, 34 count carded cotton yarn at ₹245-250 per kg and 40 count carded cotton yarn at ₹248-253 per kg, as per TexPro.
In Gujarat, cotton prices have continued to decline due to low demand from spinning mills. Prices have further fallen by ₹1,000 per candy of 356 kg since last week. Traders reported that spinners have been slow to purchase natural fibres due to weak demand from the weaving industry. Cotton was traded at ₹54,500-56,000 per candy of 356 kg. Cotton arrival was estimated to be around 10,000-12,000 bales of 170 kg in Gujarat, with an all-India arrival estimation of 38,000-40,000 bales.
Fibre2Fashion News Desk (KUL)
