24 Jan '23
(Fibre2Fashion News Desk (KUL): Cotton yarn prices remained stable in south India today as demand from the weaving industry was not encouraging.
Extended winter season is hampering cotton yarn trade because the summer clothing season is likely to be delayed. The entire value chain is looking forward to the summer season as the demand for cotton clothing increases in this season.
Prices of most counts and varieties of cotton yarn were stable in Mumbai. Market sentiments were weak because of uncertainty in buying from the weaving industry.
“This winter season is longer than usual. Trading activities were limited because buyers are not in a hurry to buy cotton yarn for the upcoming summer season,” a trader from Mumbai told Fibre2Fashion.
In Mumbai, 60 count carded cotton yarn of warp and weft varieties were traded at ₹1,540-1,570 per 5 kg and ₹1,440-1,490 per 5 kg (GST extra) respectively. 60 count combed warp was priced at ₹345-350 per kg. 80 count carded (weft) cotton yarn was sold at ₹1,470-1,490 per 4.5 kg. 44/46 count carded cotton yarn (warp) was priced at ₹275-280 per kg. 40/41 count carded cotton yarn (warp) was sold at ₹262-268 per kg and 40/41 count combed yarn (warp) was priced at ₹290-293 per kg, according to Fibre2Fashion’s market insight tool TexPro.
Cotton yarn prices in Tiruppur were also steady. Buyers from the weaving segment were absent from the market even as power looms and large weaving units were producing fabrics as per potential demand.
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 lower at ₹61,500 to ₹62,500 per candy of 356 kg. The prices decreased because of increased arrival. Farmers were not interested in selling seed cotton at lower prices, which was sold at around ₹1,710-1,720 per 20 kg. (Source: Fibre2Fashion.com)