Due to the approaching Holi festival and subsequent manufacturing workers’ leaves, the cotton yarn market in south India remained stable. The lack of labour and the financial shutdown in March, according to traders, slowed down output. Prices in Mumbai and Tiruppur remained steady despite a weaker domestic demand than an increase in export demand.
The market in Mumbai saw reduced demand coming from the downstream sector. “Workers were going on leave for the Holi holiday, and financial close in March also slowed production activities, but export buying was slightly better, and cotton yarn prices stayed consistent. Warp and weft variations of 60 count carded cotton yarn were sold in Mumbai for between 1,525 and 1,540 rupees (including GST) per 5 kg, respectively. India Shows Strong Possibilities Of Sales And Output In February 2023 Due to the approaching Holi festival and subsequent manufacturing workers’ leaves, the cotton yarn market in south India remained stable. The lack of labour and the financial shutdown in March, according to traders, slowed down output. Prices in Mumbai and Tiruppur remained steady despite a weaker domestic demand than an increase in export demand. The cost of 60 combed warp was between 342 and 345 per kg, according to TexPro, a market research tool from Fibre2Fashion. A 4.5 kg bag of 80 carded (weft) cotton yarn cost between $1,440 and $1,480. Priced at between 280 and 285 per kilogramme was 44/46 count carded cotton yarn (warp). Priced at 260–268 per kg for 40/41 count carded cotton yarn (warp) and 290–303 for 40/41 count combed yarn (warp), respectively.
In the meantime, Tiruppur market prices also stayed constant. According to trade sources, demand was average, which may be supporting the present price levels. Tamil Nadu-based mills were operating at 70–80% of their potential. The industry’s resumption of production for the upcoming fiscal year should provide assistance for the market starting next month.
30 count combed rice was sold in Tiruppur market. Cotton yarn was exchanged for 280–285 (including GST) per kg, 34–count combed for 29–297 kg, and 40–count combed for 308–312 kg. According to TexPro, cotton yarn with a 30 count carded was sold for between 255 and 260 per kg, 34 count carded for between 265-270 per kg, and 40 count carded for between 270 and 275 per kg.
After a modest increase the previous day, cotton prices in Gujarat began to decline once more. Although buying cotton, spinners were reportedly being very price-conscious, according to trade sources. Mills was looking for less expensive deals. In India, the arrival of cotton was assessed to be 1.58 lakh 170 kg bales, while 37,000 bales were observed as arriving in the Gujarat market. Prices for each sweet ranged from 62,500 to 63,000 in 365 kg.
