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Higher demand stabilises cotton yarn prices in south India

06 Jun '23

3 min read

Pic: Shutterstock.com

Insights

Cotton yarn prices in south India remain stable, with increased demand potentially signalling gains next week.
Mumbai and Tiruppur markets held steady.
Meanwhile, Gujarat saw a price rise in cotton due to ginners' reluctance to sell.
A recent uptick in ICE cotton has supported Indian fibre.
Strong demand lessens the need for significant discounts.

In Mumbai, cotton yarn prices have stabilised following last week&#**;s gains. Demand has increased from the weaving industry and traders, enabling mills to successfully offload their stock. A trader from Mumbai market told Fibre2Fashion, “Market sentiments were positive. Although, yarn prices did not move up, but mills have sold their stock. Earlier, they were struggling to find suitable buyers willing to offer reasonable prices for their stock.”

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.