South Indian cotton yarn prices steady; traders optimistic about rise

The Tiruppur market maintained a stable trend in cotton yarn prices due to a decrease in demand from the weaving industry. A local trader told Fibre2Fashion, “The market exhibited a bearish sentiment due to the silence from buyers. Although costlier cotton should have driven up yarn prices, the demand did not support this theory. If ICE cotton continues to rise, it may attract yarn importers from several countries. India also remains one of the major raw material suppliers for the global garment industry.” 

Prices in the Tiruppur market were noted as 30 count combed cotton yarn ₹263-268 per kg (excluding GST), 34 count combed cotton yarn ₹271-276 per kg, 40 count combed cotton yarn ₹282-287 per kg, 30 count carded cotton yarn ₹238-243 per kg, 34 count carded cotton yarn ₹242-247 per kg and 40 count carded cotton yarn ₹250-255 per kg, according to Fibre2Fashion's market insight tool TexPro. 

Cotton yarn maintained its previous price levels in the Mumbai market. Demand diminished slightly following a minor uptick last week. A trader from the Mumbai market informed Fibre2Fashion, “The market is not expected to see much fluctuation until Diwali. The festival might offer a bit of relief to the industry. The demand from the downstream industry wasn't as strong as it was last week. Traders and stockists were offering discounts of ₹1-2 per kg." 

In Mumbai, 60 carded yarn of warp and weft varieties were sold at ₹1,460-1,480 and ₹1,350-1,380 per 5 kg (excluding GST), respectively. Other prices include 60 combed warp ₹322-328 per kg, 80 carded weft ₹1,340-1,380 per 4.5 kg, 44/46 carded warp ₹260-265 per kg, 40/41 carded warp ₹245-250 per kg and 40/41 combed warp ₹270-275 per kg, as per TexPro. 

In Gujarat, cotton prices rose by ₹1,000-1,500 per candy (356 kg) due to a surge in ICE cotton values. The local demand remained high, while the availability was restricted owing to concerns over weather conditions. The regions of Saurashtra, Kutch, and other areas in Gujarat—India’s chief cotton producer—witnessed slow rains, hampering the production. Trade sources mentioned that the state did not receive sufficient supplies to meet the needs of the domestic industry, fostering concerns over delayed crops. In the Gujarat market, the Shankar-6 cotton variety was priced between ₹62,000 and ₹63,000 per candy. Cotton arrivals in Gujarat amounted to approximately 8,000 bales, each weighing 170 kg, whereas the all-India cotton arrivals were estimated to be between 25,000 and 27,000 bales. 

ALCHEMPro News Desk (KUL)