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Cotton price surge lifts yarn rates sharply in South India

In the Tiruppur market, cotton yarn trade soared by &#****;*-** per kg since last Friday. Spinning mills are increasing yarn prices to cover additional cost of production due to costly cotton. Cotton prices jumped by &#****;*,***-*,*** per candy in the last couple of days. A trader from Tiruppur market told Fibre*Fashion, “It was inevitable to increase yarn prices as mills cannot absorb such steep rise in cotton prices. Even after increase in yarn prices, supplies are still limited as mills are exporting yarn at attractive prices. Indian spinning mills’ cotton yarn export ratio increased up to ** per cent of its total production from nearly ** per cent, few months ago.”

In Tiruppur, knitting cotton yarn prices were noted as: ** count combed cotton yarn at &#****;***-*** (~$*.**-*.**) per kg (excluding GST), ** count combed cotton yarn at &#****;***-*** (~$*.**-*.**) per kg, ** count combed cotton yarn at &#****;***-*** (~$*.**-*.**) per kg, ** count carded cotton yarn at &#****;***-*** (~$*.**-*.**) per kg, ** count carded cotton yarn at &#****;***-*** (~$*.**-*.**) per kg, and ** count carded cotton yarn at &#****;***-*** (~$*.**-*.**) per kg.