Cotton yarn prices stable in south India amid limited trade

Trade sources said that there was little cotton yarn trade in most states because of Holi. While Holi festivities in south India is low, north and central India’s market were closed due to the festival. Traders in South India faced difficulties in finding new buyers, while sluggishness in trade was also caused by slower buying from the garment industry. 

Tiruppur’s cotton yarn market, a hosiery garment manufacturing hub in South India, witnessed stability in prices due to limited trade activity. Buyers remained inactive for fresh deals, and traders noted that the garment manufacturing industry is yet to pick up in the country, with hopes of revival in the coming weeks. Mumbai was closed on account of Holi.

As per Fibre2Fashion market insight tool TexPro, 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 in the Tiruppur market. 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. 

Meanwhile, in Gujarat, cotton prices remained stable due to low arrival and limited buying. The market noted a negligible arrival of cotton, as farmers did not bring their crop to the market. The prices remained steady, ranging between ₹62,500 to ₹ 63,000 per candy of 356 kg. 

Fibre2Fashion News Desk (KUL)