Foreign news on July 11th, cotton yarn prices in southern India continued to remain stable amid average demand, and the market was struggling to cope with concerns caused by the postponement of the Indian festival and wedding season.
Normally, retail demand for clothing and other textiles picks up from July ahead of the festive season in August. However, this year the festival season does not start until the last week of August.
The textile industry is anxiously awaiting the festive season, fearing a possible delay in improving demand.
Cotton yarn prices remained stable in Mumbai and Tirupur despite concerns over delay in the start of the festive season due to the extra Hindu month of Adhikmas. The delay could push domestic demand, which typically occurs in July, to late August.
The Indian textile industry, which relies on domestic demand, is keeping a close eye on the extended Adhikmas month as export orders slow down. The month will last until the end of August instead of the usual end in the first half of August.
A Mumbai trader said: “Yarn procurement was supposed to start increasing in July. However, we do not expect improvement until the end of this month. Retail demand for end products is expected to Will rise in September.”
In Tirupur, cotton yarn prices remained stable amid dull demand and stagnant weaving industry.
A trader in Tirupur said: “Market sentiment is still bearish as buyers are no longer making new purchases. In addition, Intercontinental Exchange (ICE) cotton The decline in futures prices has also had a negative impact on the market. Procurement activities in the consumer industry have not played a supporting role.”
Traders said that the formation of the market with Mumbai and Tirupur In sharp contrast, Kupang cotton prices fell after the ICE cotton futures weakened, falling by 300-400 rupees per candy (356 kg). Despite falling prices, cotton mills are continuing to buy cotton, indicating low raw material inventory levels during the off-season.
In Mumbai, 60-count warp and weft yarns are sold at 1420-1445 rupees and 1290-1330 rupees per 5 kg (excluding GST), and 60-count combed yarn is priced at 1420-1445 rupees and 1290-1330 rupees per 5 kg. kg 325-330 rupees, 80 carded weft yarn 1325-1350 rupees per 4.5 kg, 44/46 carded warp yarn 254-260 rupees per kg, 40/41 carded warp yarn 242-246 rupees per kg, 40/41 Count combed warp yarn 270-275 rupees per kilogram.
In Tirupur, 30-count combed yarn costs 255-262 rupees per kg (excluding GST), 34-count combed yarn costs 265-272 rupees per kg, 40-count combed yarn is priced at 275-282 rupees per kilogram, 30-count carded yarn is 233-238 rupees per kilogram, 34-count carded yarn is 241-247 rupees per kilogram, and 40-count carded yarn is 245-252 rupees per kilogram.
The trading price of Kupang cotton is 55,200-55,600 rupees per kanti (356 kg), and the cotton arrival volume is within 10,000 bags (170 kg/bag). The estimated arrival volume across India is 35,000-37,000 packages.
