Foreign news on May 13 showed that Kupang cotton prices were on a downward trend due to weak demand and payment problems. Demand in the textile industry is full of uncertainty, and spinners are hesitant to buy in large quantities. Cotton has fallen by Rs 600-800 per kandi (356 kg) since the beginning of the week. The current trading price of cotton yarn per kandi is 60,700-61,200 rupees. The arrival volume of Kupang cotton is expected to be 22,000-24,000 bales (170 kg each), and the total volume of cotton in India is estimated to be around 85,000 bales.
The cotton yarn market in southern India continues to be affected by weak demand from the textile industry, and the price of cotton yarn in the Tirupur market fell by 2-5 rupees per kilogram. In contrast, prices in the Mumbai market remained stable. Trade sources said that the entire textile value chain is facing severe challenges, including slowing demand, frequent discounts, difficult negotiations, payment crises, and increasing inventory. Traders generally believe that future demand is full of uncertainty.
In Tirupur, cotton yarn prices fell by Rs 3-5 per kg. Textile mills and stockists are facing increasing pressure to cut prices. They either lower the price of cotton yarn or offer higher discounts to attract buyers. A trader in Tirupur said: “Due to limited purchasing volume, the entire textile value chain is facing tremendous pressure. Global brands are reluctant to place large orders due to a lack of confidence in demand, especially in the European and American markets. Textile, spinning The industry is also feeling the pressure of slowing export demand.”
According to TexPro, in the Tirupur market, 30-count combed cotton yarn is priced at 270-275 rupees per kilogram (excluding Excise tax), 34-count combed cotton yarn 282-287 rupees per kg, 40-count combed cotton yarn 295-300 rupees per kg, 30-count carded cotton yarn 245-250 rupees per kg, 34-count carded cotton yarn 252-255 rupees per kg , 40-count carded cotton yarn is 259-264 rupees per kilogram.
In Mumbai, despite stable cotton yarn prices, traders remain uncertain about future demand. A trader in Mumbai said: “Buyers are being cautious and purchasing raw materials in limited quantities. Textile mills are facing the problem of reduced demand and inventory backlog of finished goods. Therefore, the payment cycle has slowed down. This payment crisis has further exacerbated the decline in demand in the downstream industry. ”
In Mumbai, 60-count roving warp and weft yarns are trading at Rs 1,480-1,515 and Rs 1,340-1,380 per 5 kg (excluding GST), 60-count combed The warp yarn is quoted at 345-350 rupees per kilogram, the 80-count carded weft yarn is quoted at 1440-1480 rupees per 4.5 kilograms, the 44/46-count combed warp yarn is quoted at 273-278 rupees per kilogram, and the 40/41-count combed warp yarn is quoted at 258-268 rupees per kilogram. 40/41 count combed warp yarn 295-305 rupees per kg.
