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South Indian cotton yarn prices dip as export demand weakens

15 Nov '24
4 min read
South Indian cotton yarn prices dip as export demand weakens
South Indian cotton yarn prices dip as export demand weakens

Insights

  • Cotton yarn prices in south India dropped by ₹*-* per kg after mills cut rates by up to ₹** per kg earlier this month.
  • Despite significant growth in garment exports, yarn exports remain sluggish, and domestic demand is insufficient.
  • Prices eased in Tiruppur and Mumbai markets, with limited activity due to uncertainty.
  • In Gujarat, cotton prices fell by ₹***** per candy.

In the Mumbai market, prices declined by &#****;*-* per kg across most counts and varieties. Power looms continue to operate cautiously, maintaining limited fabric stocks due to uncertain demand. A Mumbai-based trader told Fibre2Fashion, “Power loom owners are finding it difficult to predict which cotton yarn varieties will see strong demand in the coming weeks. While summer demand is expected to improve soon, stockists and traders are under pressure to liquidate their existing stocks.”

In Mumbai, ** carded yarn of warp and weft varieties were sold at &#****;*,***-*,*** (approximately $**.**-$**.**) and &#****;*,***-*,*** per * kg (approximately $**.**-$**.**) (excluding GST), respectively, before Diwali. Other prices were ** combed warp at &#****;***-*** (approximately $*.**-$*.**) per kg, ** carded weft at &#****;*,***-*,*** (approximately $**.**-$**.**) per *.* kg, **/** carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, **/** carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg and **/** combed warp at &#****;***-*** (approximately $*.**-*.**) per kg, according to trade sources.

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