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Mixed trend in South India's cotton yarn trade, prices up in Mumbai

22 Oct '24

4 min read

Mixed trend in South India's cotton yarn trade, prices up in Mumbai

Insights

Cotton yarn prices in Mumbai increased by ₹*-* per kg due to higher raw material costs and power looms ramping up production before the Diwali holidays.
In contrast, Tiruppur saw stable prices, though mills reduced production amid weak demand.
Untimely rains delayed cotton arrivals in Gujarat and other regions.
Cotton yarn prices were supported by rising cotton costs globally and locally.

In Mumbai, cotton yarn prices rose by &#****;* per kg, marking a notable increase, while other markets have seen sluggish demand in the last couple of weeks. A trader from the Mumbai market told Fibre2Fashion, "Power looms will be closed for *-** days during the Diwali festival. They had stocked up on cotton yarn for increased production to ensure sufficient stock for the next month. The rising cost of raw materials also contributed to the increase in cotton yarn prices.”

In Mumbai, ** carded yarn of warp and weft varieties were sold at &#****;*,***-*,*** (approximately $**.**-$**.**) and &#****;*,***-*,*** per * kg (approximately $**.**-$**.**) (excluding GST), respectively. Other prices include ** combed warp at &#****;***-*** (approximately $*.**-$*.**) per kg, ** carded weft at &#****;*,***-*,*** (approximately $**.**-$**.**) per *.* kg, **/** carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, **/** carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg and **/** combed warp at &#****;***-*** (approximately $*.**-*.**) per kg, according to trade sources.