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Cotton yarn prices stable amid bearish market in south India

07 Jul '23

3 min read

Pic: Shutterstock.com

Insights

Cotton yarn prices in southern India, including Mumbai and Tiruppur, have remained stable due to mills' reluctance to reduce prices and the offer of discounts for bulk orders.
However, demand is weak, with the weaving industry adopting a cautious approach.
In Gujarat, cotton prices fell due to bearish signals from ICE cotton and low demand.

Cotton yarn prices were quoted at the previous levels in Mumbai. A trader from the Mumbai market told Fibre2Fashion, "Mills have a huge stock of cotton yarn. However, they are not eager to reduce prices. They hope that the prices will remain stable or may even increase after some time. Therefore, they are offering discounts on bulk purchases."

In Mumbai, ** count carded cotton yarn of warp and weft varieties was sold at &#****;*,***-*,*** and &#****;*,***-*,*** per * kg (excluding GST), respectively. Other prices include ** combed warp at &#****;***-*** per kg, ** carded (weft) cotton yarn at &#****;*,***-*,*** per *.* kg, **/** count carded cotton yarn (warp) at &#****;***-*** per kg, **/** count carded cotton yarn (warp) at &#****;***-*** per kg and **/** count combed yarn (warp) at &#****;***-*** per kg, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro.