In recent months, several countries, including India, have seen consistent growth in garment exports. Market experts noted that power looms and auto looms are producing fabric in line with the garment industry’s demand. However, they are also experiencing labour shortages in Maharashtra and other states.
Cotton yarn prices have shown no significant movement in Mumbai and Tiruppur.
The Mumbai market witnessed steady cotton yarn prices, with demand remaining normal in the final week of the year. A trader from the Mumbai market told Fibre2Fashion, “Power looms and auto looms are cautious, producing fabric in line with garment industry demand. However, higher demand is expected in January. Summer garment demand will uplift sentiments in the cotton yarn market. Increased garment exports from various countries present an optimistic outlook for the cotton yarn market.”
In Mumbai, 60-carded yarn of warp and weft varieties were traded at ₹1,430-1,470 (approximately $16.78-$17.25) and ₹1,370-1,420 (approximately $16.08-$16.67) per 5 kg (excluding GST), respectively. Other prices include 60 combed warp at ₹334-341 (approximately $3.92-$4.00) per kg, 80-carded weft at ₹1,400-1,470 (approximately $16.43-$17.25) per 4.5 kg, 44/46-carded warp at ₹258-269 (approximately $3.03-$3.16) per kg, 40/41-carded warp at ₹252-262 (approximately $2.96-$3.07) per kg, and 40/41 combed warp at ₹284-291 (approximately $3.33-3.42) per kg, according to trade sources.
A similar trend was observed in the Tiruppur market, where knitting cotton yarn prices remained close to previous levels. According to market sources, demand has been slow in the final week of the year. However, the new year is expected to bring improved demand for cotton yarn. If garment exports improve globally, the domestic textile value chain will also experience higher demand. However, fluctuations in cotton yarn prices will depend on the dynamics of cotton trade.
In Tiruppur, knitting cotton yarn prices were noted as: 30 count combed cotton yarn at ₹255-263 (approximately $2.99-3.09) per kg (excluding GST), 34 count combed cotton yarn at ₹264-271 (approximately $3.10-3.18) per kg, 40 count combed cotton yarn at ₹275-285 (approximately $3.23-3.34) per kg, 30 count carded cotton yarn at ₹235-240 (approximately $2.76-2.82) per kg, 34 count carded cotton yarn at ₹240-244 (approximately $2.82-2.86) per kg and 40 count carded cotton yarn at ₹248-253 (approximately $2.91-2.97) per kg.
In Gujarat, cotton prices rose slightly on Friday, increasing by ₹100-200 per candy of 356 kg after easing in the past couple of days. Ginning mills have reduced seed cotton pressing, contributing to the price increase. Traders noted that many mills have partnered with the Cotton Corporation of India (CCI) for ginning procured cotton, as they face significant disparity between seed cotton and ginned cotton prices. A trader from Gujarat stated that CCI is purchasing around 60-70 per cent of the cotton arrivals at the minimum support price (MSP), which is higher than the prevailing market rate. This price disparity has made cotton ginning unviable for the industry. Cotton arrivals were estimated at 32,000-35,000 bales of 170 kg in Gujarat and 210,000-225,000 bales across the country.
The benchmark Shankar-6 cotton was quoted between ₹53,300-53,500 (approximately $623.17-$625.51) per candy of 356 kg, while southern mills were looking to buy cotton at ₹54,300-54,500 (approximately $634.86-$637.20) per candy. Seed cotton (Kapas) was traded at around ₹7,350-7,500 (approximately $85.93-$87.69) per quintal.
The benchmark Shankar-6 cotton was quoted between ₹53,300-53,500 (approximately $623.17-$625.51) per candy of 356 kg, while southern mills were looking to buy cotton at ₹54,300-54,500 (approximately $634.86-$637.20) per candy. Seed cotton (Kapas) was traded at around ₹7,350-7,500 (approximately $85.93-$87.69) per quintal.
ALCHEMPro News Desk (KUL)
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