Cotton Yarn Prices In Southern India Remain Stable, Buyers Are Cautious Before The Federal Budget Is Announced

Cotton yarn prices in southern India have remained stable due to an average slowdown in demand in the textile industry.

Mumbai and Tirupur cotton yarn prices remain stable as buyers remain on the sidelines until the 2023/24 federal budget is announced.

Mumbai’s demand is stable, and cotton yarn sales remain at their previous levels. Buyers are very cautious before the budget is announced.

A Mumbai trader said, “Cotton yarn demand is already weak, but due to budget constraints, buyers are once again moving away. The government’s proposals will affect market sentiment, and prices will be affected by policy documents

In Mumbai, 60 counts of combed warp and weft yarn are priced at INR 1540-1570 and INR 1440-1490 per 5 kilograms (excluding consumption tax), INR 345-350 per kilogram for 60 counts of combed warp, INR 1470-1490 per kilogram for 80 counts of combed weft, and INR 275-280 per kilogram for 44/46 counts of combed warp; According to TexPro, a market insight tool from Fibre2Fashion, 40/41 counts of combed warp yarn are priced at 262-268 rupees per kilogram, while 40/41 counts of combed warp yarn are priced at 290-293 rupees per kilogram.

The demand for Tiruppur cotton yarn is quiet. Buyers in the textile industry are not interested in new transactions. According to traders, downstream industry demand may continue to be weak until temperatures rise in mid March, which in turn will drive demand for cotton yarn clothing.

In Tirupur, the price of 30 pieces of combed yarn is 280-285 rupees per kilogram (excluding consumption tax), 34 pieces of combed yarn is 298-302 rupees per kilogram, and 40 pieces of combed yarn is 310-315 rupees per kilogram. According to TexPro, 30 pieces of combed yarn are priced at 255-260 rupees per kilogram, 34 pieces of combed yarn are priced at 265-270 rupees per kilogram, and 40 pieces of combed yarn are priced at 270-275 rupees per kilogram.

In Gujarat, cotton prices have remained stable at Rs 61800-62400 per 356 kilograms since the weekend. Farmers are still unwilling to sell their crops. Due to price differences, demand in the spinning industry is limited. According to traders, cotton prices in Mandis, Gujarat do not fluctuate significantly.