South Indian cotton yarn trade gains momentum, prices up in Mumbai

The Mumbai market witnessed an increase in cotton yarn prices, with prices rising by ₹2–3 per kg in a few counts and varieties of cotton yarn. The market saw improved demand, as the recent rise in cotton prices encouraged yarn buying. A trader from the Mumbai market told Fibre2Fashion, “Although the market is still facing payment issues, the increase in cotton prices has motivated yarn buyers. Power looms and auto looms are purchasing yarn to ramp up production. Strong buying from looms may continue for the next couple of weeks.”

In Mumbai, 60 carded yarn of warp and weft varieties were traded at ₹1,390-1,415 (approximately $16.21-$16.50) and ₹1,335-1,375 per 5 kg (approximately $15.57-$16.04) (excluding GST), respectively. Other prices include 60 combed warp at ₹319-323 (approximately $3.72-$3.77) per kg, 80 carded weft at ₹1,370-1,430 (approximately $15.98-$16.68) per 4.5 kg, 44/46 carded warp at ₹266-271 (approximately $3.10-$3.16) per kg, 40/41 carded warp at ₹252-258 (approximately $2.94-$3.01) per kg and 40/41 combed warp at ₹268-272 (approximately $3.13-3.17) per kg, according to trade sources.

The Tiruppur market saw stability in cotton yarn prices, but demand from the downstream industry continued to rise. According to market sources, spinning mills are set to increase yarn sales rates by ₹4–5 per kg in April 2025 when they revise their current rates. There is optimism for better demand across the entire textile value chain. As the current fiscal 2024–25 has fewer working days, there are indications of increased lifting from consumers.

In Tiruppur, knitting cotton yarn prices were noted as 30 count combed cotton yarn at ₹255-263 (approximately $2.97-3.07) per kg (excluding GST), 34 count combed cotton yarn at ₹264-271 (approximately $3.08-3.16) per kg, 40 count combed cotton yarn at ₹276-288 (approximately $3.22-3.36) per kg, 30 count carded cotton yarn at ₹235-240 (approximately $2.74-2.80) per kg, 34 count carded cotton yarn at ₹240-245 (approximately $2.80-2.86) per kg and 40 count carded cotton yarn at ₹248-253 (approximately $2.89-2.95) per kg.

In Gujarat, cotton prices steadied after earlier gains. Domestic cotton prices followed the global market and had previously risen when ICE cotton increased. However, the global market experienced a decline on Monday, weakening sentiment in the Gujarat market. Traders said that cotton seed prices eased significantly, which also negatively impacted cotton prices. Buying by spinning mills softened in the local market. The Cotton Corporation of India (CCI) is also selling cotton from the current and previous seasons.

Cotton arrivals were estimated at 8,000–10,000 bales of 170 kg in Gujarat and 70,000–75,000 bales across the country. The benchmark Shankar-6 cotton was quoted between ₹54,000–54,200 (approximately $629.75–$632.09) per candy of 356 kg, while southern mills were looking to buy cotton at ₹54,700–55,000 (approximately $637.92–$641.42) per candy. Seed cotton (kapas) was traded at around ₹7,480–7,500 (approximately $87.23–$87.47) 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)