Home breadcru News breadcru Yarn breadcru Cotton yarn prices drop in south India; seasonal slump in Mumbai

Cotton yarn prices drop in south India; seasonal slump in Mumbai

07 Jun '22
2 min read
Pic: 123rf.com
Pic: 123rf.com

Downward trend continued in cotton yarn prices in south India’s markets Mumbai and Tiruppur. Poor demand and selling pressure from stockists led to further decline of up to ₹20 per kg. The onset of monsoon also caused seasonal downfall in yarn prices as the demand dries up before the season considering users stop buying cotton clothes including malmal Kurta. 

A trader from Mumbai told Fibre2Fashion, “Finer cotton yarn demand slows before monsoon as malmal Kurta and other cotton products find fewer buyers due to colder weather.” According to sources, low demand in market has forced traders and stockists to reduce prices, and there is no possibility of price rise of cotton yarn. 

In Mumbai market, cotton yarn prices lost ₹10-20 per kg from last week. 60 count carded cotton yarn of warp and weft varieties were traded at ₹1,950-2,000 and ₹1,870-1,920 per 5 kg (GST extra) respectively. Carded cotton yarn (44/46 count) of warp variety was traded at ₹1,840-1,870 per 5 kg. 80 count carded cotton yarn of weft variety was sold at ₹1,900-1,940 per 4.5 kg. 40 count carded cotton yarn (warp) was sold at ₹355-362 per kg. 40 count combed yarn (warp) was priced at ₹410-425 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

Trade sources from Tiruppur said that traders and stockists are selling cotton yarn in panic. They feared sharp fall which forced them to clear their stocks at lower prices. Buyers remained absent as current yarn prices are not affordable for them. Export demand was also very poor. Some traders said that Russia-Ukraine war is disrupting international trade with European countries. The selling pressure caused a downfall of ₹3-8 per kg. 

In Tiruppur market, 30 count combed cotton yarn was traded at ₹400-405 per kg (GST extra), 34 count combed at ₹420-425 per kg and 40 count combed at ₹430-435 per kg. Cotton yarn of 30 count carded was sold at ₹365-370 per kg, 34 count carded at ₹375-380 per kg and 40 count carded at ₹380-385 per kg, as per TexPro. 

In Gujarat, cotton prices remained bearish due to slower demand from spinning mills. Many mills have halted production of cotton yarn or shifted to polyester yarn due to high prices of the natural fibre. Cotton was traded at around ₹98,000-99,000 per candy in Rajkot and other market in Gujarat. 

ALCHEMPro News Desk (KUL)

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!