Cotton yarn demand slows across south India markets

The Mumbai market witnessed mild selling pressure from stockists and spinning mills, who are finding it difficult to attract prospective buyers. Nonetheless, cotton yarn prices did not record any significant changes. A trader from the Mumbai market told Fibre2Fashion, “Buyers remained quiet on new cotton yarn deals, preferring to wait for clarity on the US tariffs. The recent tariff hike has created caution across the entire textile value chain.”

In Mumbai, 60 carded yarn of warp and weft varieties were traded at ₹1,380-1,430 (~$15.76-16.33) and ₹1,340-1,390 per 5 kg (~$15.31-15.88) (excluding GST), respectively. Other prices include 60 combed warp at ₹315-321 (~$3.60-3.67) per kg, 80 carded weft at ₹1,385-1,450 (~$15.82-16.56) per 4.5 kg, 44/46 carded warp at ₹265-272 (~$3.03-3.11) per kg, 40/41 carded warp at ₹248-255 (~$2.83-2.91) per kg and 40/41 combed warp at ₹268-272 (~$3.06-3.11) per kg, according to trade sources.

In Tiruppur, demand from fabric manufacturers also remained weak. Following the announcement, there has been speculation in the industry regarding the status of new export orders from US retailers and brands. However, traders expressed cautious optimism over potential trade negotiations between India and the US. There is hope that both nations may soften their stances and reach a mutually beneficial agreement. If a trade deal is finalised, the US tariff on Indian exports could decrease significantly.

In Tiruppur, knitting cotton yarn prices were noted as 30 count combed cotton yarn at ₹255-263 (~$2.91-3.00) per kg (excluding GST), 34 count combed cotton yarn at ₹266-273 (~$3-04-3.12) per kg, 40 count combed cotton yarn at ₹278-291 (~$3.18-3.32) per kg, 30 count carded cotton yarn at ₹236-241 (~$2.70-2.75) per kg, 34 count carded cotton yarn at ₹241-246 (~$2.75-2.81) per kg and 40 count carded cotton yarn at ₹249-253 (~$2.84-2.89) per kg.

In Gujarat, cotton prices did not see any significant movement as spinning mills curtailed buying amid uncertain demand prospects in the downstream industry. Traders reported that the Cotton Corporation of India (CCI) is struggling to sell cotton—it failed to sell even 10,000 bales on Thursday. Previously, it was offloading between 50,000 to 100,000 bales daily. Pressure is mounting from traders who had earlier purchased cotton at CCI auctions and are now selling the stock before the delivery date.

Daily cotton arrivals reduced to around 12,000–13,000 bales of 170 kg each, with Gujarat recording arrivals of just 1,000–1,500 bales. The benchmark Shankar-6 cotton was quoted at ₹58,000–58,200 (~$662.52–664.81) per candy of 356 kg for stock cotton.

Disclaimer: The prices in this article are based on market sources and hence, readers are recommended to do their own research before making any decision. The publisher and their affiliates are not liable for any inaccuracies or actions taken based on this information.

ALCHEMPro News Desk (KUL)