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Cotton yarn prices continue to fall in south India; demand remains low

27 Jun '23
3 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • 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 ₹* per kg in Mumbai and Tiruppur markets.

In Mumbai, cotton yarn prices have decreased by &#****;*-* 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." 

In Mumbai, ** count carded cotton yarn of warp and weft varieties was sold at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (excluding GST), respectively. Other prices include ** combed warp at &#****;***-*** per kg, ** carded (weft) cotton yarn at &#****;*,***-*,*** per *.* kg, **/** count carded cotton yarn (warp) at &#****;***-*** per kg, **/** count carded cotton yarn (warp) at &#****;***-*** per kg and **/** count combed yarn (warp) at &#****;***-*** per kg, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro. 

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