In Tiruppur, the dip in cotton yarn prices ranged from ₹3-5 per kg. Pressure is building on mills and stockists to slash prices, with mills either reducing cotton yarn prices or offering higher discounts to attract buyers. “The entire textile value chain is under exceptional stress due to limited buying. Global brands are reluctant to place large orders due to a lack of confidence in demand, particularly in Europe and the United States. The weaving and spinning industries are also feeling the heat of the slowed export demand,” a trader from Tiruppur told Fibre2Fashion.
South Indian cotton yarn market, especially Tiruppur, is witnessing decreased demand, leading to falling prices.
Mills are under pressure to lower prices or offer discounts. Conversely, Mumbai’s market remains stable, albeit with uncertainties.
Spinners and weavers grapple with lower demand and stock accumulation.
Cotton prices are dropping in Gujarat.
Prices in the Tiruppur market include ₹270-275 per kg (excluding GST) for 30 count combed cotton yarn, ₹282-287 per kg for 34 count combed cotton yarn, ₹295-300 per kg for 40 count combed cotton yarn, ₹245-250 per kg for 30 count carded cotton yarn, ₹252-255 per kg for 34 count carded cotton yarn, and ₹259-264 per kg for 40 count carded cotton yarn, according to Fibre2Fashion’s market insight tool TexPro.
In Mumbai, despite the stability of cotton yarn prices, traders remain uncertain about future demand. Buyers are exercising caution, purchasing raw materials in limited quantities. “Spinners and weavers are facing reduced demand and piling stocks of manufactured goods. Consequently, the payment cycle has slowed down. This payment crisis is further exacerbating the decline in demand from the downstream industry,” a Mumbai-based trader told F2F.
In Mumbai, 60 count carded cotton yarn of warp and weft varieties traded at ₹1,480-1,515 and ₹1,340-1,380 per 5 kg (excluding GST), respectively. Other prices include ₹345-350 per kg for 60 combed warp, ₹1,440-1,480 per 4.5 kg for 80 carded (weft) cotton yarn, ₹273-278 per kg for 44/46 count carded cotton yarn (warp), ₹258-268 per kg for 40/41 count carded cotton yarn (warp), and ₹295-305 per kg for 40/41 count combed yarn (warp), as per TexPro.
Cotton prices in Gujarat have seen a downward trend due to poor demand and payment issues. Spinners are hesitant to buy cotton in large quantities due to uncertainty about demand from the weaving industry. Cotton prices have dropped by ₹600-800 per candy of 356 kg since the start of the week. Currently, cotton yarn is traded at ₹60,700-61,200 per candy of 356 kg. Cotton arrivals in Gujarat are estimated at 22,000-24,000 bales of 170 kg, with all-India arrival estimated at around 85,000 bales.
Fibre2Fashion News Desk (KUL)