Cotton yarn prices in southern India rise further and demand may remain strong
Foreign news reported on August 16 that the price of cotton yarn in the southern Indian market increased due to increased purchase volume and rising cotton prices. Prices in Tirupur have increased by Rs 5-8 per kg since last week. The trading price of cotton yarn in Mumbai also increased by 3-5 rupees. Traders say demand for yarn will rise in the coming months. Stronger cotton prices also supported yarn prices.
The price of woolen yarn increased in Tirupur market last week. Traders said that due to limited financial capacity, small textile mills were forced to cut prices, and the price of woolen yarn fell sharply. At present, they are increasing the price of woolen yarn more significantly to make up for the losses. In the main yarn market in south India, prices have increased by Rs 5-8 per kg. A trader said, “People are optimistic about rising demand in the future. Strong cotton prices also support yarn prices. In the next few months, this upward trend may continue.” In the Tirupur market today, 30 fine yarns The transaction price of spun cotton yarn is 350-355 rupees per kilogram (excluding consumption tax), 34-count 362-367 rupees per kilogram, and 40-count 365-370 rupees per kilogram. According to data from Fibre2Fashion market insight tool TexPro, 30-count worsted yarn sells for 322-325 rupees per kilogram, 34-count worsted yarn costs 330-334 rupees per kilogram, and 40-count worsted yarn sells for 337-342 rupees per kilogram.
The Mumbai market has also noticed the upward trend in cotton yarn prices, with mills and traders trying to keep prices up by tightening supplies and sales. Traders said textile mills and traders are selling limited quantities of yarn due to increased demand. Therefore, cotton yarn prices increased by Rs 3-5 per kg last week. A broker said there will be better demand in the coming weeks, which will support yarn prices. The 60-count slub warp and weft yarns were traded at Rs 1,925-1,975 and Rs 1,825-1,870 per 5 kg. 80 count woolen weft yarn is priced at Rs 1,780-1,800 per 4.5 kg. The price of 44/46 count woolen warp yarn is 365-375 rupees per kilogram. 40/41 count woolen warp yarn is sold at Rs 345-350 per kg. The price of 40/41 count worsted warp yarn is 410-440 rupees per kilogram.
In Kupang, cotton prices soared further. Cotton mills are least interested in buying cotton when prices rise, and according to traders, prices are rising despite limited cotton purchases. Cotton prices have increased by Rs 4,000-5,000 per candy (356 kg) since last week. In the Kupang spot market, cotton is trading at 92,000-100,000 rupees per kandy.
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