Cotton yarn prices in northern India rise, driven by export demand
Foreign news on February 13th showed that the popularity of cotton yarn in northern India is improving, and export demand has pushed up cotton yarn prices. The price increased by Rs 5-10 per kg in Delhi and Rs 2 per kg in Ludhiana. Traders said cotton yarn prices rose in the past week, supported by new export orders. Panipat recycled yarn remains stable.
A trader in Delhi said: “Spinning mills have export orders for cotton yarn. India is facing a domestic supply shortage of polyester and cotton yarn. According to Fibre2Fashion’s market insight tool TexPro, the price of 30-count combed yarn is 285-290 rupees per kilogram (excluding consumption tax), 40-count combed yarn is 315-320 rupees per kilogram, 30-count carded yarn is 260-265 rupees per kilogram, and 40-count carded yarn is priced at 285-290 rupees per kilogram. kg 290-295 rupees.
Trade sources in Ludhiana also confirmed that the demand for export orders has increased. A trader in Ludhiana said, Indian exporters have secured orders from various markets across the globe. According to TexPro data, 30 count combed yarn is priced at Rs 282-292 per kg (including GST), 20 count and 25 count combed yarn is priced at Rs 272-282 and 277 per kg. -287 rupees, 30-count carded yarn 262-272 rupees per kilogram.
Panipat recycled yarn prices have not changed much and demand is limited. Traders said, Buyers purchase cotton yarn to meet immediate or security needs. Buyers are avoiding hoarding raw materials for future needs.
At the same time, as demand slows, Cotton prices in northern India remain stable. Traders said that cotton arrivals and demand are limited. The sluggish demand has led to reduced cotton arrivals, and cotton prices cannot get support from it. Cotton arrivals in northern Indian states are about 11,000 bales (170 kg per bale) ). The price of cotton in Punjab is 6300-6400 rupees, the price of cotton in Haryana is 6300-6400 rupees, the price of cotton in Rajasthan is 6475-6550 rupees per morind (37.2 kg), and the price of cotton in lower Rajasthan is 6300-6550 rupees per kandi ( 356 kg) 60500-62500 rupees.
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