Cotton prices fall in southern India, traders expect cotton yarn demand to pick up

Foreign news on November 1st showed that after Diwali, cotton prices fell seasonally and demand remained weak. Cotton yarn prices in southern India fell by 5-12 rupees per kilogram. Limited purchasing activity by buyers across the textile value chain further dampened market sentiment. However, traders expect that seasonal buying will begin soon, as stockpiling is essential during the arrival of cotton.

In Kupang, cotton prices have fallen by Rs 3,000 per kandi (356 kg) since Diwali due to seasonal pressure and sluggish demand from textile companies. According to market participants, textile companies are slow to purchase cotton as they face differences in current cotton and yarn prices. Once the price per kandi drops below Rs 60,000, demand will pick up. Kupang cotton price fell to 64,000-64,500 rupees per kandi.

Cotton yarn price

Cotton yarn price in Mumbai market since Diwali There is a downward trend, with a decrease of 5-12 rupees per kilogram. Falling cotton prices and weakening demand from textile companies are hidden worries in the cotton yarn market. Industrial and trade activities remain slow in many areas of Kupang due to the extended Diwali holiday. This also hit the yarn market sentiment in the western region of the country. A trader in the Mumbai market said, “Even after Diwali, buyers have remained silent. Slowing demand in the downstream industry and tight liquidity are hitting buyer confidence. Only when cotton and yarn prices stabilize, the market will see buying Increase.”

In Mumbai, the transaction price of 60-count woolen warp and weft cotton yarn is 1620-1650 rupees and 1530-1550 rupees per 5 kilograms (excluding consumption tax). The price of 60 count worsted warp yarn is 350-550 rupees per kilogram. 80 count worsted weft yarn is priced at Rs 1450-1480 per 4.5 kg. The price of 44/46 count woolen warp yarn is 300-307 rupees per kilogram. The price of 40/41 count woolen warp yarn is 290-295 rupees per kilogram, and the price of 40/41 count worsted warp yarn is 312-315 rupees per kilogram.

In Tirupur market, the downward trend in cotton yarn prices continued even after Diwali. Textile companies have lowered the price of cotton yarn by 20 rupees per kilogram. The market price of cotton yarn also fell by Rs 5-7 per kg. A dealer from Tirupur said, “There is a lack of confidence due to sluggish demand from the downstream industry. Buyers are refraining from buying, so prices have hit the bottom. However, buyers will appear in the market for seasonal purchases.”

In the Tirupur market, the transaction price of 30-count combed cotton yarn is 305-310 rupees per kilogram (excluding consumption tax), and the 34-count combed cotton yarn is 315-320 rupees per kilogram. 40 count combed cotton yarn 320-325 rupees per kg. The price of 30-count carded cotton yarn is 275-280 rupees per kilogram, 34-count carded cotton yarn is 282-285 rupees per kilogram, and 40-count carded cotton yarn is priced at 292-295 rupees per kilogram.

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