South Indian cotton yarn holds steady, Tiruppur sees positive signs

Tiruppur market participants do not expect a further decline in cotton yarn prices, as they foresee positive developments in the near future. A trader in Tiruppur told Fibre2Fashion, “Despite some concerns, we are seeing a few encouraging signals. Spinning mills have procured around 800,000 bales of cotton from the Cotton Corporation of India (CCI). Additionally, the weaving industry is ramping up production, which bodes well for the market. Hopefully, the US tariff issues will be resolved before July 9, when the duty relaxation period ends.”

In Tiruppur, knitting cotton yarn prices were noted as 30 count combed cotton yarn at ₹255-263 (~$2.98-3.08) per kg (excluding GST), 34 count combed cotton yarn at ₹266-273 (~$3.11-3.19) per kg, 40 count combed cotton yarn at ₹278-291 (~$3.25-3.40) per kg, 30 count carded cotton yarn at ₹236-241 (~$2.76-2.82) 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 (~$2.91-2.96) per kg.

In contrast, the Mumbai market lacked the positive signals seen in Tiruppur. Trade sources noted no signs of improving cotton yarn demand, although prices held firm. The growing preference for PC yarn is eating into cotton yarn demand, as consumers increasingly accept PC garments—especially post-summer.

In Mumbai, 60 carded yarn of warp and weft varieties were traded at ₹1,380-1,430 (~$16.14-16.73) and ₹1,340-1,390 per 5 kg (~$15.67-16.26) (excluding GST), respectively. Other prices include 60 combed warp at ₹315-321 (~$3.68-3.75) per kg, 80 carded weft at ₹1,385-1,450 (~$16.20-16.96) per 4.5 kg, 44/46 carded warp at ₹265-272 (~$3.10-3.18) per kg, 40/41 carded warp at ₹248-255 (~$2.90-2.98) per kg and 40/41 combed warp at ₹268-272 (~$3.123-3.18) per kg, according to trade sources.

Cotton prices edged up slightly in Gujarat, as spinning mills continued to buy regularly from both private traders and CCI. However, private traders and ginners reportedly have limited stocks. Cotton prices rose by ₹200 per candy in the Gujarat market. According to sources, most spinning mills are operating with minimal stock and rely on regular supply. Daily arrivals are declining, prompting ginners and stockists to sell from existing inventories. Meanwhile, the CCI’s substantial stock of around 5 million bales is exerting downward pressure on the market, as it must be cleared before the new season.

Cotton arrivals were estimated at 3,000–4,000 bales (170 kg each) in Gujarat and 15,000–17,000 bales across India.

The benchmark Shankar-6 cotton was quoted at ₹54,200–54,500 (~$634.00–637.51) per candy of 356 kg for running supply and ₹54,700–55,000 (~$639.85–643.36) per candy of 356 kg for stock cotton. Southern mills were bidding at ₹55,500–56,000 (~$640.21-655.06) 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)