South India cotton yarn prices steady amid local demand

In the Mumbai market, cotton yarn prices remained steady, with average demand from the local value chain. Domestic demand for cotton yarn improved as summer garment activity increased. A trader from the Mumbai market told Fibre2Fashion, “There is little focus on export demand, as orders for the next Christmas season are yet to arrive. Domestic demand is more important in the current scenario. Cotton yarn supplies are also limited, as mills in south India are unable to fulfil orders. Mills are facing a shortage of trucks to transport cotton yarn to Maharashtra and other states.”

In Mumbai, 60 carded yarn of warp and weft varieties were traded at ₹1,420-1,445 (approximately $16.50-$16.79) and ₹1,360-1,400 per 5 kg (approximately $15.80-$16.27) (excluding GST), respectively. Other prices include 60 combed warp at ₹322-326 (approximately $3.74-$3.79) per kg, 80 carded weft at ₹1,400-1,460 (approximately $16.27-$16.96) per 4.5 kg, 44/46 carded warp at ₹270-275 (approximately $3.14-$3.20) per kg, 40/41 carded warp at ₹255-262 (approximately $2.96-$3.04) per kg and 40/41 combed warp at ₹272-275 (approximately $3.16-3.20) per kg, according to trade sources.

In the Tiruppur market, optimism was observed regarding export demand following the tariff pause by the US. The market also saw steady cotton yarn prices. Market sources stated that new export orders from the US will take some time to materialise. Importers are expected to resume requesting shipments for their export orders. For Christmas buying, sampling will begin soon, with fresh orders likely to follow. On cotton yarn prices, a trader mentioned that local demand is visible in the market. Prices may remain steady in the coming week, supported by positive market sentiment.

In Tiruppur, knitting cotton yarn prices were noted as 30 count combed cotton yarn at ₹257-265 (approximately $2.99-3.08) per kg (excluding GST), 34 count combed cotton yarn at ₹266-273 (approximately $3.09-3.17) per kg, 40 count combed cotton yarn at ₹278-291 (approximately $3.23-3.38) per kg, 30 count carded cotton yarn at ₹237-242 (approximately $2.75-2.81) per kg, 34 count carded cotton yarn at ₹242-247 (approximately $2.81-2.87) per kg and 40 count carded cotton yarn at ₹250-255 (approximately $2.90-2.96) per kg.

In Gujarat, cotton prices were stable at previous levels. The market saw limited trade activity due to a lack of availability from private traders. Local cotton prices remained unaffected by significant fluctuations in ICE cotton. Traders said most ginners had little or no stock. Buyers are looking to purchase cotton, but ginning mills and stockists do not have sufficient quantities. The consumer industry is increasingly relying on the Cotton Corporation of India (CCI) for raw material supplies.

Cotton arrivals were estimated at 7,000-8,000 bales of 170 kg in Gujarat and 50,000-52,000 bales nationwide. The benchmark Shankar-6 cotton was quoted between ₹53,500-54,000 (approximately $621.57-$627.38) per candy of 356 kg, while southern mills were looking to buy cotton at ₹54,600-54,800 (approximately $634.35-$636.68) per candy. Seed cotton (kapas) was traded at around ₹7,480-7,550 (approximately $86.74-$87.55) 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)