The Tiruppur market observed an upward trend in cotton yarn prices, with gains of ₹3-5 per kg following hikes by spinning mills. Increased cotton costs also supported the yarn prices. A trader from Tiruppur told Fibre2Fashion, "Mills have not only raised yarn prices but also reduced production. As a result, discounts over mill rates have declined, as buyers are entering into fresh deals. The recent rise in the natural fibre has also set the stage for an increase in cotton yarn prices." 

Prices in the Tiruppur market were noted as 30 count combed cotton yarn at ₹263-268 per kg (excluding GST), 34 count combed cotton yarn at ₹271-276 per kg, 40 count combed cotton yarn at ₹282-287 per kg, 30 count carded cotton yarn at ₹238-243 per kg, 34 count carded cotton yarn at ₹242-247 per kg and 40 count carded cotton yarn at ₹250-255 per kg, according to Fibre2Fashion's market insight tool TexPro. 

The Mumbai market experienced stable cotton yarn prices, despite heightened demand due to the upcoming Ganesh Chaturthi festival. Traders anticipate that prices may rise due to increased demand and higher cotton costs. A trader from the Mumbai market told F2F, "Demand across the entire textile chain is expected to remain strong for the next two to three weeks. Consequently, we anticipate a rise in cotton yarn prices. However, sentiment is likely to weaken after Durga Puja." 

In Mumbai, 60 carded yarn of warp and weft varieties was sold at ₹1,420-1,440 and ₹1,312-1,355 per 5 kg (excluding GST), respectively. Other prices include 60 combed warp at ₹322-328 per kg, 80 carded weft at ₹1,305-1,330 per 4.5 kg, 44/46 carded warp at ₹255-260 per kg, 40/41 carded warp at ₹240-244 per kg and 40/41 combed warp at ₹268-272 per kg, as per TexPro. 

In Gujarat, cotton prices have witnessed a steep rise since last week due to strong demand and limited arrivals. The dry season in cotton-growing regions has raised concerns for the next crop, especially as there has been no rain in the past two to three weeks. Cotton yarn prices soared by ₹1,000-1,500 per candy of 356 kg since last week. However, recent hopes for rain showers have slightly eased concerns, leading to a minor reduction in prices. In the Gujarat market, Shankar-6 cotton was quoted between ₹62,000-63,000 per candy. Cotton arrival in Gujarat was around 7,000 bales of 170 kg, while all-India arrival was estimated at 26,000 bales. 

Fibre2Fashion News Desk (KUL)