Cotton yarn prices have remained stable in the markets of Mumbai and Tiruppur today. The market in South India has seen an average demand, which is sufficient to sustain yarn prices at their current levels.
Traders report that the present level of purchases from the downstream industry is decent. Garment exporters in Tiruppur have begun receiving some orders. If these orders are significant in quantity, their impact is expected to be evident in the yarn market within the next week. Despite being regular, buying in the Mumbai market is somewhat limited, yet cotton yarn prices have managed to maintain their previous levels.
In Mumbai, cotton yarn prices have remained at their previous level due to regular but limited buying from the consumer industry. A trader from the Mumbai market told, “Cotton yarn prices have remained stable. The demand is average. If the market receives support from the garment industry, yarn prices might see an upward trend.”
In Mumbai, 60 count carded cotton yarn of warp and weft varieties was sold at Rs. 1,450-1,480 and Rs. 1,320-1,340 per 5 kg (excluding GST), respectively. Other prices include 60 combed warp at Rs. 335-345 per kg, 80 carded (weft) cotton yarn at Rs. 1,400-1,430 per 4.5 kg, 44/46 count carded cotton yarn (warp) at Rs. 264-272 per kg, 40/41 count carded cotton yarn (warp) at Rs. 256-264 per kg and 40/41 count combed yarn (warp) at Rs. 277-282 per kg, according to market report.
In Tiruppur, there have been talks of some export orders from global brands. The size of these export orders is unclear, but the yarn market is optimistic. Cotton yarn prices have remained stable in the past few days. A trader from Tiruppur told, “If the export orders are significant, they may support the yarn market. The impact of export orders will be reflected in the yarn market within the next week. Currently, the market is experiencing average demand, which should maintain yarn prices.”
Prices in the Tiruppur market were noted as 30 count combed cotton yarn at Rs. 264-270 per kg (excluding GST), 34 count combed cotton yarn at Rs. 275-280 per kg, 40 count combed cotton yarn at Rs. 285-292 per kg, 30 count carded cotton yarn at Rs. 240-245 per kg, 34 count carded cotton yarn at Rs. 247-252 per kg and 40 count carded cotton yarn at Rs. 250-257 per kg, as per market report.
In Gujarat, cotton trading has resumed following disruptions caused by cyclone Biparjoy. Some markets remain closed due to the after-effects of the cyclone. Cotton was traded at Rs. 57,500-58,000 per candy of 356 kg. It was not possible to estimate cotton arrival as many markets are still closed. Trade sources report that the post-cyclone rains have benefitted cotton sowing. Farmers have started planting, which could lead to a higher acreage in Gujarat.
