South Indian cotton yarn prices steady amid US tariff uncertainty

The Tiruppur market witnessed average demand for cotton yarn, with prices hovering at previous levels. Buyers are hesitant to make purchases due to the unclear market direction. Although higher cotton prices could be considered a positive factor, they have not been sufficient to support yarn prices. A trader from the Tiruppur market told Fibre2Fashion, “Buyers remained muted in terms of fresh buying. The market was directionless despite recent gains in cotton prices. Costlier cotton and weak demand from the downstream industry have made this a challenging phase for spinning mills.”

In Tiruppur, knitting cotton yarn prices were noted as 30 count combed cotton yarn at ₹255-263 (~$2.99-3.08) per kg (excluding GST), 34 count combed cotton yarn at ₹266-273 (~$3.12-3.20) per kg, 40 count combed cotton yarn at ₹278-291 (~$3.26-3.41) per kg, 30 count carded cotton yarn at ₹236-241 (~$2.77-2.82) per kg, 34 count carded cotton yarn at ₹241-246 (~$2.82-2.88) per kg and 40 count carded cotton yarn at ₹249-253 (~$2.92-2.96) per kg.

Cotton yarn prices also remained steady in the Mumbai market after gains seen last week. However, demand for fabric from the garment industry remained sluggish. The loom sector remained cautious in their yarn purchases due to difficulties in finding buyers. Trade sources noted that domestic garment demand has shifted towards polyester and polyester-cotton yarns. Export orders remain too weak to support the textile value chain. Orders from the US and other countries are not very encouraging.

In Mumbai, 60 carded yarn of warp and weft varieties were traded at ₹1,380-1,430 (~$16.17-16.76) and ₹1,340-1,390 per 5 kg (~$15.70-16.29) (excluding GST), respectively. Other prices include 60 combed warp at ₹315-321 (~$3.69-3.76) per kg, 80 carded weft at ₹1,385-1,450 (~$16.23-16.99) per 4.5 kg, 44/46 carded warp at ₹265-272 (~$3.10-3.19) per kg, 40/41 carded warp at ₹248-255 (~$2.91-2.99) per kg and 40/41 combed warp at ₹268-272 (~$3.14-3.19) per kg, according to trade sources.

In Gujarat, cotton prices have increased by ₹700–800 per maund (356 kg) since last Friday. Spinning mills are purchasing cotton to maintain production as the season nears its end. According to market sources, spinning mills are looking to buy cotton from the open market, where supply is currently adequate. The Cotton Corporation of India (CCI) is also auctioning cotton, but smaller mills prefer buying from the open market as per their convenience.

The benchmark Shankar-6 cotton was quoted at ₹56,300–56,500 (~$644.43–646.78) per candy of 356 kg for stock cotton. Southern mills were bidding at ₹56,500–56,700 (~$650.29–656.15) per candy.

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)