South India’s cotton yarn industry is primarily dependent on domestic sales. Prices for cotton yarn remained unchanged since not enough trade inquiries were received by traders and stockists. Traders stated that the creation of winter clothes may cause the demand for yarn used in exports to switch to polyester-cotton and polyester. Although domestic demand for cotton apparel may continue for another two months, there won’t be much buying activity to support cotton yarn prices.
Due to buyers’ caution, the cotton yarn market in Mumbai saw slow purchasing. According to trade sources, the number of Muslim employees at power looms is now low owing to Ramadan but may increase next week. The demand from clothing units was still unknown, though. Despite little purchases, cotton yarn prices remained constant.
Additionally, Tiruppur’s market noticed decreased demand from the downstream business. Although cotton yarn prices were constant, there was insufficient support from demand. a trader in Tiruppur stated.Cotton apparel has evolved into a high-end garment category, driving away regular consumers from the market. However, domestic seasonal demand can last for an additional two months. Cotton yarn may not see a lot of buying if export demand is not supported.
30 count combed cotton yarn cost between $278 and $282 per kg (including GST) in Tiruppur, 34 count combed cost between $288 and $292 per kg, and 40 count combed cost between $305 and $310 per kg. According to TexPro, 30 count carded cotton yarn sold for between $250 and 255 per kg, 34 count carded for between 255 and 260 per kg, and 40 count carded for between 262 and 270 per kg.
Cotton prices in Gujarat experienced severe fluctuation before stabilising in after a loss of 400–500 per candy of 356 kg this evening. By nightfall, prices for candies were between 62,300 and 62,800. Chetan Bhojani, a dealer from Gujarat, noted that although market attitude changed quickly, overall demand was quite low as a result of differences between ICE cotton. A total of 28,000–30,000 170 kilogramme bales of cotton were delivered to Gujarat, and there were an estimated 100,000 bales delivered to the rest of India.
