Foreign news reported on February 21 that cotton yarn prices in southern India varied. Prices in Tirupur were stable but traders were optimistic and optimistic. Weak demand in Mumbai has put pressure on cotton yarn prices. Traders said demand was not that strong, leading to a fall of Rs 3-5 per kg. Traders and hoarders increased cotton yarn prices in Mumbai last week.
Cotton yarn prices fall in Mumbai. Jai Kishan, a trader from Mumbai, said: “Cotton yarn has weakened by Rs 3-5 per kg in the past few days due to slowing demand. Traders and hoarders who had previously increased prices are now forced to reduce prices. Textile production has increased, but not enough. Supporting yarn prices.” In Mumbai, 60-count carded warp and weft yarns cost 1,525-1,540 rupees and 1,450-1,490 rupees per 5 kg (excluding GST). According to data, the 60-count combed warp yarn is 342-345 rupees per kilogram, the 80-count carded weft yarn is 1440-1480 rupees per 4.5 kilograms, the 44/46-count carded warp yarn is 280-285 rupees per kilogram, and the 40/41-count carded warp yarn is 280-285 rupees per kilogram. 260-268 rupees per kilogram, 40/41 count combed warp yarn 290-303 rupees per kilogram.
However, cotton yarn prices in Tirupur are stable as the market is optimistic about future demand. Trade sources said overall sentiment had improved but yarn prices remained stable as prices were already hovering at relatively high levels. However, traders believe that although demand for cotton yarn has improved in recent weeks, it is still low. Tirupur 30 count combed yarn 280-285 rupees per kilogram (excluding GST), 34 count combed yarn 292-297 rupees per kilogram, 40 count combed yarn 308-312 rupees per kilogram, 30 count carded yarn per kilogram Kilogram 255-260 rupees, 34-count carded yarn 265-270 rupees per kilogram, 40-count carded yarn 270-275 rupees per kilogram.
Cotton prices in Gujarat remain stable and demand from ginners is weak. Although spinning mills have increased production to meet expected demand in domestic and foreign markets, the recent increase in cotton prices has deterred buyers. The price hovers around Rs 62,300-62,800 per kandi (356 kg).
