Demand for South India’s cotton yarn improves; export orders up

Mumbai market witnessed a mixed trend in cotton yarn prices. Coarse count cotton yarn prices improved by ₹5-10 per kg, but fine count yarn eased by ₹5-8 per kg as domestic demand was weak. A trader from Mumbai told Fibre2Fashion, “There were more buyers for coarse count cotton yarn because of Chinese export orders. Coarse count of combed yarn is mostly exported. More buyers were enquiring after an increase in cotton yarn prices by spinning mills.” 

South India’s cotton yarn market witnessed a positive trend today due to better demand and export orders. Gujarat mills received cotton yarn export orders which strengthened the market sentiments. Fine count yarn remained bearish, while cotton yarn of coarse counts saw a price rise in Mumbai. Prices in the Tiruppur market remained steady.

In Mumbai, 60 count carded cotton yarn of warp and weft varieties were traded at ₹1,520-1,550 and ₹1,440-1,500 per 5 kg (GST extra) respectively. 60 count combed warp was priced at ₹340-345 per kg; 80 count carded (weft) cotton yarn was sold at ₹1,450-1,470 per 4.5 kg; 44/46 count carded cotton yarn (warp) was priced at ₹290-295 per kg; 40/41 count carded cotton yarn (warp) was sold at ₹282-285 per kg and 40/41 count combed yarn (warp) was priced at ₹298-305 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

Buying of cotton yarn increased in the Tiruppur market, but prices remained stable. Traders said that buying was better at current prices and new export orders have improved buyers’ confidence. Southern mills had decreased yarn prices on the first day of this year. 

Today, 30 count combed cotton yarn was traded at ₹285-290 per kg (GST extra), 34 count combed at ₹300-305 per kg and 40 count combed at ₹310-315 per kg in the Tiruppur market. Cotton yarn of 30 count carded was sold at ₹255-260 per kg, 34 count carded at ₹265-270 per kg and 40 count carded at ₹270-275 per kg, as per TexPro. 

In Gujarat, cotton was traded at ₹61,500-62,000 per candy of 356 kg. The prices further increased by ₹500 per candy in the last two days. According to the traders, farmers were not willing to sell seed cotton (narma) at low prices. Limited arrival and high demand from mills supported cotton prices. The higher prices of narma, which was traded at ₹1,750-1,800 per 20 kg, left ginners in disparity. 

Fibre2Fashion News Desk (KUL)