South India cotton yarn market sees mixed trends; Mumbai Prices down

In Mumbai, a declining trend was observed in cotton yarn prices. Prices eased by ₹5-7 per kg for certain counts and varieties due to slow demand from the downstream industry, which has been affected by a payment crisis. A trader from the Mumbai market told Fibre2Fashion, “Payment conditions are not expected to improve until the end of this month. Buyers have ignored the recent increase in cotton fibre prices but may return to the market next month.”

In Mumbai, 60 carded yarn of warp and weft varieties were traded at ₹1,370-1,400 (approximately $15.83-$16.18) and ₹1,310-1,350 per 5 kg (approximately $15.14-$15.60) (excluding GST), respectively. Other prices include 60 combed warp at ₹314-318 (approximately $3.63-$3.67) per kg, 80 carded weft at ₹1,360-1,420 (approximately $15.71-$16.41) per 4.5 kg, 44/46 carded warp at ₹261-266 (approximately $3.02-$3.07) per kg, 40/41 carded warp at ₹250-255 (approximately $2.89-$2.95) per kg and 40/41 combed warp at ₹266-270 (approximately $3.07-3.12) per kg, according to trade sources.

In the Tiruppur market, cotton yarn prices remained stable. Current demand has provided the necessary support to maintain prices at present levels. According to market sources, there was average demand from the downstream industry. Mills and stockists are also trying to hold cotton yarn prices. However, prices may rise next month if cotton prices continue to increase in the coming weeks. Buyers will be able to purchase cotton yarn more freely as payment conditions improve.

In Tiruppur, knitting cotton yarn prices were noted as 30 count combed cotton yarn at ₹255-263 (approximately $2.89-3.04) per kg (excluding GST), 34 count combed cotton yarn at ₹264-271 (approximately $3.05-3.13) per kg, 40 count combed cotton yarn at ₹276-288 (approximately $3.17-3.33) per kg, 30 count carded cotton yarn at ₹235-240 (approximately $2.72-2.77) per kg, 34 count carded cotton yarn at ₹240-245 (approximately $2.77-2.83) per kg and 40 count carded cotton yarn at ₹248-253 (approximately $2.87-2.92) per kg.

In Gujarat, cotton prices improved by ₹300-400 per candy (356 kg) as demand from spinners strengthened over the last couple of days. Gains in ICE cotton also encouraged buying in the domestic market. Traders reported that cotton arrivals are decreasing, but the Cotton Corporation of India (CCI) continues to buy seed cotton at the minimum support price (MSP). As a result, ginners are forced to offer competitive prices to farmers. Cotton prices have also increased in CCI auctions, indicating that spinning mills are eager to purchase natural fibre. Spinning mills are looking to buy cotton from private sellers as well, although interest remains limited.

Cotton arrivals were estimated at 11,000-12,000 bales (170 kg each) in Gujarat and 70,000-80,000 bales across the country. The benchmark Shankar-6 cotton was quoted at ₹53,700-53,900 (approximately $620.46-$622.78) per candy (356 kg), while southern mills were looking to buy cotton at ₹54,300-54,500 (approximately $627.40-$629.71) per candy. Seed cotton (kapas) was traded at around ₹7,470-7,500 (approximately $86.31-$86.66) per quintal.

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)