The cotton yarn market in south India remains steady, with no significant shifts noted. However, increased cotton yarn purchases suggest a positive trend in the market, according to traders. Conversely, the weaving industry has not boosted production due to a lack of demand from the garment industry. As a result, power looms in Maharashtra and other states operate partially, due to decreased purchasing from the garment sector. Cotton yarn was traded at prior levels in both Mumbai and Tiruppur markets.

In Mumbai, cotton yarn prices hovered around previous levels due to a lack of market stimulus from the demand side. “Weaving activities in Maharashtra haven't picked up yet, as fabric demand remains low. Nevertheless, a positive outlook persists in the yarn market, based on anticipation for higher future prices,” Bharat Shah, a Mumbai market trader, told Fibre2Fashion.

In Mumbai, 60 count carded cotton yarn of warp and weft varieties was sold at ₹1,470-1,500 and ₹1,340-1,380 per 5 kg (excluding GST), respectively. Other prices include 60 combed warp ₹345-352 per kg, 80 carded (weft) cotton yarn ₹1,420-1,450 per 4.5 kg, 44/46 count carded cotton yarn (warp) ₹264-272 per kg, 40/41 count carded cotton yarn (warp) ₹256-264 per kg and 40/41 count combed yarn (warp) ₹280-287 per kg, according to Fibre2Fashion's market insight tool TexPro.

In Tiruppur, cotton yarn prices remained stable amid increased demand. Traders believe this uptick could lead to future price increases. Speaking to F2F, a Tiruppur-based trader said, “Positive sentiments remained intact in the local market. Cotton yarn was traded at previous prices. But the higher demand raises the prospect of future growth in both demand and prices.”

Prices in the Tiruppur market were noted as 30 count combed cotton yarn at ₹264-270 per kg (excluding GST), 34 count combed cotton yarn at ₹275-280 per kg, 40 count combed cotton yarn at ₹285-292 per kg, 30 count carded cotton yarn at ₹240-245 per kg, 34 count carded cotton yarn at ₹247-252 per kg and 40 count carded cotton yarn at ₹250-257 per kg, as per TexPro.

Meanwhile, in Gujarat, cotton prices stabilised following a decrease in the past few days. The weaving industry showed slower demand, leading ginners to withhold their stocks, expecting potential price hikes. Despite global indications pointing towards an uptick due to increased cotton exports from the US to China and beyond, the domestic market remained unaffected. Cotton was traded at ₹58,000-58,500 per candy (356 kg). Estimated cotton arrivals in Gujarat were 24,000-27,000 bales of 170 kg, with total Indian arrivals projected at 75,000-80,000 bales of 170 kg.

Fibre2Fashion News Desk (KUL)

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Cotton yarn prices steady in south India, fabric buying remains weak

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