cotton industry | COTTON PRICE

South Indian demand is weak, and Tiruppur cotton yarn prices are declining.

Published: May 9, 2023

The downstream business in South India continued to see weak demand for cotton yarn. In the Tiruppur market, cotton yarn prices decreased by 2-4 rupees per kilogramme, while they were stable in Mumbai with the exception of 40-41 carded warp yarn, which was under pressure from weak demand. Traders claimed that there was no sign that the current slow demand will end. The number of garment export orders was insufficient to sustain the market.

Due to weaker demand, cotton yarn prices in Tiruppur market fell by 2–4 rupees per kilogramme. Neither domestic nor export demand could provide any support for the market. In order to support cotton yarn prices, garment export orders were insufficient, according to a dealer from Tiruppur market. Despite the fact that mills have increased the price of yarn for this month, discounts and various sorts of To entice buyers, cheaper offers were frequently made. Stockholders and mills were under pressure to liquidate their inventory. In the Tiruppur market, 30 count combed cotton yarn was sold for between $276 and $280 per kg (GST extra), 34 count combed for between $286 and $290 per kg, and 40 count combed for between $303 and $308. The pricing for the majority of counts and kinds of cotton yarn were consistent in Mumbai. Because of the payment crisis, the market was under pressure from a weak demand. “Downstream industry was experiencing a payment crisis,” a merchant from the Mumbai market said to F2F. Due to the absence of garment units, the fabric market saw decreased demand, which led to a payment difficulty. The issue dried up the yarn market’s financial flow as well. However, after then, yarn costs stayed constant. early this week with ease. According to TexPro, 60 count carded cotton yarn in Mumbai was sold for between $1,500 and $1,530 per 5 kg for the warp variety and between $1,360 and $1,400 for the weft variety. Price per kilogramme for 60 combed warp was between 350 and 353. A 4.5 kg bag of 80 carded (weft) cotton yarn cost between $1,460 and $1,500. The cost of a kilogramme of 44/46 count carded cotton yarn (warp) was between £275 and £280. Priced at between 260 and 270 yen per kg for 40/41 count carded cotton yarn (warp) and between 295 and 305 yen per kg for 40/41 count combed yarn (warp). The price per kilogramme of 40/41 count carded cotton yarn (warp) decreased by around 5.

Because ICE cotton prices increased, cotton prices in Gujarat began to trend upward. The spinners, according to traders, were bidding high to Cotton was to be purchased, but the sellers were hesitant to agree. During the Asian trading session, ICE cotton was up 2.18 percent, trading at $83.49 per pound. Traded cotton yarn cost between 61,500 and 61,700 each 356 kg of confectionery. The listed prices for each sweet were increased by 400–500. In Gujarat, 25,000–28,000 bales of cotton weighing 170 kg apiece were recorded as arriving. Around 80,000 bales were expected to arrive in all of India.

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