The Mumbai market witnessed an increase of ₹3-7 per kg in cotton yarn prices. Buyers turned up in the market after the production halt and partial cuts in yarn production by spinning mills. Central India is performing better than the other regions. “Buyers felt that lower production may increase prices from the current level. The prices are already coming down to very attractive levels,” a trader from Mumbai market told Fibre2Fashion. 

In the Mumbai market, 60 count carded cotton yarn of warp and weft varieties were traded at ₹1,650-1,690 and ₹1,590-1,650 per 5 kg (GST extra) respectively. 60 combed warp was priced at ₹375-385 per kg. 80 carded (weft) cotton yarn was sold at ₹1,580-1,630 per 4.5 kg. 44/46 count carded cotton yarn (warp) was priced at ₹320-325 per kg. 40/41 count carded cotton yarn (warp) was sold at ₹305-310 per kg and 40/41 count combed yarn (warp) was priced at ₹315-325 per kg, according to Fibre2Fashion’s market insight tool TexPro.

South Indian yarn market witnessed a mixed trend today as production cut in mills supported yarn prices in Mumbai, but the same factor did not work in Tiruppur where buying was weak. A downward trend in cotton prices is a much-needed comfort for the downstream industry. The weaving industry is still uncertain about demand in the absence of market direction.

In the Tiruppur market, cotton yarn lost ₹5-10 per kg despite production cuts by spinning mills. Many mills in southern India and the other parts of the country have halted production temporarily or are running at partial capacity. But lower production also failed to support yarn prices in the market. A trader from Tiruppur told Fibre2Fashion, “Demand did not improve as weaving industry does not expect immediate improvement in buying from garment industry. Garment imports from China will also hurt domestic industry sentiments.” 

Today, 30 count combed cotton yarn was traded at ₹315-320 per kg (GST extra), 34 count combed at ₹320-327 per kg and 40 count combed at ₹330-340 per kg in the Tiruppur market. Cotton yarn of 30 count carded was sold at ₹290-295 per kg, 34 count carded at ₹295-305 per kg and 40 count carded at ₹305-315 per kg, as per TexPro. 

In Gujarat, cotton prices decreased by ₹3,000-3,500 per candy of 356 kg in the last couple of days as arrival increased in most of the mandis of Gujarat. Shankar-6 cotton was traded at ₹68,500-69,500 per candy. According to market sources, clear weather in the states increased picking of cotton ball. Seed cotton arrival also increased in many mandis and ginning mills are getting seed cotton in higher quantities. Daily cotton arrival was noted at 20,000-25,000 bales of 170 kg each. 

Fibre2Fashion News Desk (KUL)