South India cotton yarn prices stable; fabric demand rises in Mumbai

Cotton yarn prices in Mumbai were stable and buying of yarn was weak to average. However, higher buying in fabric recently has improved market sentiments. “Cotton yarn prices were steady because of weak demand. But demand was better in fabrics. If the demand improves further, cotton yarn may get support. Buyers were cautious because of uncertainty in market movements,” a trader from Mumbai told Fibre2Fashion. 

In Mumbai, 60 count carded cotton yarn of warp and weft varieties were traded at ₹1,540-1,570 and ₹1,440-1,490 per 5 kg (GST extra) respectively. 60 combed warp was priced at ₹345-350 per kg, 80 carded (weft) cotton yarn was sold at ₹1,470-1,490 per 4.5 kg, 44/46 count carded cotton yarn (warp) was priced at ₹275-280 per kg, 40/41 count carded cotton yarn (warp) was sold at ₹262-268 per kg and 40/41 count combed yarn (warp) was priced at ₹290-293 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

In Tiruppur, the yarn prices were steady, and demand was weak. Buyers from the weaving segment were not interested in making bigger deals. According to the traders, cotton yarn may remain steady because there was no improvement in buying. The entire value chain is receiving average demand. In the market, 30 count combed cotton yarn was traded at ₹280-285 per kg (GST extra), 34 count combed at ₹298-302 per kg and 40 count combed at ₹310-315 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 was sold at the previous prices of ₹61,800-62,400 per candy of 356 kg. Cotton arrival season may extend to April and May because of the huge stocks pending with the farmers. They are still reluctant to sell their produce. Total arrival was noted at around 1.5 lakh bales of 170 kg in the entire country. 

Fibre2Fashion News Desk (KUL)