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Cotton yarn prices rise in south India, buyers expect further hikes

12 Mar '24
3 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Cotton yarn prices have risen in south India, with Mumbai and Tiruppur markets reporting increases due to higher cotton costs.
  • Buyers are stocking up, anticipating further hikes. In Mumbai, prices gained ₹*-* per kg, while Tiruppur saw a ₹*-* increase.
  • The surge is driven by reduced cotton arrivals and strong demand from the textile industry.

The Tiruppur market has seen a rise of &#****;*-* per kg in various counts and varieties of cotton yarn. A trader from the Tiruppur market informed Fibre2Fashion, "The demand from the downstream industry and stockists is very strong. They are keen to stock up on cotton yarn before any further price increases. The hike in cotton prices has driven the cost of yarn up."In Tiruppur, cotton yarn prices were noted as ** count combed cotton yarn at &#****;***-*** (approximately $*.**-*.**) per kg (excluding GST), ** count combed cotton yarn at &#****;***-*** (approximately $*.**-*.**) per kg, ** count combed cotton yarn at &#****;***-*** (approximately $*.**-*.**) per kg, ** count carded cotton yarn at &#****;***-*** (approximately $*.**-***) per kg, ** count carded cotton yarn at &#****;***-*** (approximately $*.**-*.**) per kg and ** count carded cotton yarn at &#****;***-*** (approximately $*.**-*.**) per kg, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro.

A trader from Mumbai told Fibre2Fashion, “There is no concern for the new payment rule. Power looms and stockists are focused on present market conditions. Cotton prices jumped due to a decrease in cotton arrival. Everyone is eager to purchase cotton yarn before the current season&#**;s window closes.”

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