In the Mumbai market, cotton yarn prices remained at previous levels, although spinning mills were attempting to raise their selling prices. The recent rise in cotton prices has increased production costs. Payment flow was also sluggish in the central states of western India. A trader from the Mumbai market told Fibre2Fashion, “Currently, the Mumbai market is seeing steady demand from the consumer industry. Retail demand for garments and other consumer products is expected to improve with the summer season, which will support the entire textile value chain.”
In Mumbai, 60 carded yarn of warp and weft varieties were traded at ₹1,390-1,415 (approximately $16.25-$16.54) and ₹1,335-1,375 per 5 kg (approximately $15.60-$16.07) (excluding GST), respectively. Other prices include 60 combed warp at ₹319-323 (approximately $3.73-$3.78) per kg, 80 carded weft at ₹1,370-1,430 (approximately $16.01-$16.71) per 4.5 kg, 44/46 carded warp at ₹266-271 (approximately $3.11-$3.17) per kg, 40/41 carded warp at ₹252-258 (approximately $2.95-$3.02) per kg and 40/41 combed warp at ₹268-272 (approximately $3.14-3.18) per kg, according to trade sources.
The Tiruppur market also continued to see stable cotton yarn prices. However, a few mills raised their selling prices by ₹3 per kg following the recent increase in cotton prices. Market sources said that although local demand is expected to improve this month, overall sentiment from global markets remains weak. Bangladesh’s move to ban Indian yarn imports via the land route has not been well received, and the US tariff issue is also a concern for the domestic cotton yarn trade.
In Tiruppur, knitting cotton yarn prices were noted as 30 count combed cotton yarn at ₹255-263 (approximately $2.98-3.08) per kg (excluding GST), 34 count combed cotton yarn at ₹264-271 (approximately $3.09-3.17) per kg, 40 count combed cotton yarn at ₹276-288 (approximately $3.23-3.37) per kg, 30 count carded cotton yarn at ₹235-240 (approximately $2.75-2.81) per kg, 34 count carded cotton yarn at ₹240-245 (approximately $2.81-2.87) per kg and 40 count carded cotton yarn at ₹248-253 (approximately $2.90-2.96) per kg.
In Gujarat, cotton prices declined by ₹300–400 per candy of 356 kg over the past couple of days due to reduced demand from spinning mills. Bearish sentiment in ICE cotton futures also dampened the mood in the domestic cotton trade. However, cottonseed was traded at higher prices due to strong demand and limited supply. Traders noted that cotton demand remained poor amid uncertainty in the downstream textile value chain. Ginning mills are expected to close operations due to lower seed cotton arrivals, which will reduce the supply of cottonseed.
Cotton arrivals were estimated at 6,000–7,000 bales of 170 kg in Gujarat and 60,000–65,000 bales nationwide. The benchmark Shankar-6 cotton was quoted between ₹53,700–53,800 (approximately $627.64–$628.80) per candy of 356 kg, while mills in the south were looking to purchase cotton at ₹54,700–54,800 (approximately $639.32–$640.49) per candy. Seed cotton (kapas) was traded at around ₹7,480–7,550 (approximately $87.42–$88.24) per quintal.
ALCHEMPro News Desk (KUL)
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