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Weak demand, global downturn drive cotton yarn prices down in India

23 Jun '23

3 min read

Pic: Shutterstock.com

Insights

Cotton yarn prices have decreased in south India due to weak demand and a global downturn in cotton.
Prices fell by ₹*-* per kg in Mumbai and ₹*-* per kg in Tiruppur.
Traders predict that if current conditions continue, weaker yarn production units may have to close.
In Gujarat, cotton prices dropped by ₹**** per candy of 356 kg recently.

In Mumbai, cotton yarn prices fell by &#****;*-* per kg due to the lack of improvement in demand. A situation akin to panic has arisen among traders and spinners. A trader from the Mumbai market, speaking to Fibre2Fashion, revealed, “There was pressure on mills and stockists to offer lower prices to attract buyers. Buyers have been very cautious, purchasing cotton yarn only for immediate needs.”

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.