Cotton yarn prices in the Tiruppur market have dropped by 2 to 5 rupees per kg as a result of the continuing low demand from the weaving sector in south India. In contrast, prices in the Mumbai market stayed constant. The textile value chain is facing significant obstacles, according to trade sources, including a slowing demand, frequent reductions, difficult negotiations, payment problems, and an expanding stockpile. Trading participants continue to have a lot of uncertainty regarding future demand.
The decrease in cotton yarn costs in Tiruppur varied from 3-5 per kg. Mills are either lowering cotton yarn pricing or increasing discounts to entice customers as pressure to lower prices mounts on stockists and mills. “Limited purchasing has put the entire textile value chain under extreme stress. global companies are hesitant to put significant orders since they don’t have faith in demand, especially in Europe and the US. The slowdown in export demand is also having an impact on the weaving and spinning industries, according to a dealer from Tiruppur.
60 count carded cotton yarn in Mumbai was sold for 1,480-1,515 and 1,340-1,380 per 5 kg, respectively (without GST). According to TexPro, other prices range from $295-305 per kg for 40/41 count combed yarn (warp) to $345-350 per kg for 60 combed warp, $1,440-1,480 per 4.5 kg for 80 carded (weft) cotton yarn, and 273-278 per kg for 44/46 count carded cotton yarn (warp).
Prices range from 270 to 275 per item in the Tiruppur market. 30 count combed cotton yarn costs $282–287 per kg (excluding GST), 34 count combed cotton yarn costs $285–300 per kg, and 40 count combed cotton yarn costs $295–300 per kg. 30 count carded cotton yarn costs $245–250 per kg, 34 count carded cotton yarn costs $252-255, and 40 count carded cotton yarn costs $259–264 per kg.
Gujarat’s cotton prices have been declining as a result of weak demand and payment difficulties. Because the demand for cotton from the weaving sector is unpredictable, spinners are hesitant to purchase cotton in significant amounts. Since the beginning of the week, cotton prices have decreased by 600–800 per candy of 356 kg. Cotton yarn is currently sold for between 60,700 and 61,200 every confectionery weighing 356 kg. Gujarat’s cotton arrivals are anticipated to reach 22,000–24,000 170 kilogramme bales, with an expected 85,000–95,000 bales arriving throughout all of India.
