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Rising cotton arrival dampen yarn demand in south India, prices steady

11 Oct '24

3 min read

Rising cotton arrival dampen yarn demand in south India, prices steady

Insights

Cotton yarn markets in south India saw thin trade with stable prices.
Mumbai's power loom owners reduced fabric production due to seasonal shifts, while Tiruppur remained closed.
Increased cotton arrivals and low prices have weakened demand in downstream industries.
In Gujarat, cotton prices declined by ₹***-*** per candy due to oversupply, while spinning mills remain cautious about fabric demand.

In Mumbai, cotton yarn prices remained stable. Power loom owners are awaiting an uptick in summer demand but are cautious due to the delay, which has led fabric producers to proceed with caution. A trader in the Mumbai market told Fibre2Fashion, "Power loom owners are reluctant to produce and stock large quantities of fabric due to uncertainty in demand and preferred varieties. Increased cotton arrivals are also reducing interest among power loom owners, and lower cotton prices will likely drive down prices in both yarn and fabric."

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.