Foreign news reported on January 9 that after the recent increase in cotton prices, the demand for cotton yarn in northern India has improved.
Buyers expect yarn prices to rise due to rising cotton prices. This encourages buyers to make new deals as they want to book yarn early. Cotton yarn increased by Rs 5-10 per kg in Ludhiana due to increased buying, but prices were stable in Delhi and Panipat.
Cotton yarn prices have increased in Ludhiana market.
Demand for both exports and domestic consumption has improved. A trader in the Ludhiana market said, “The textile industry and retailers have increased their purchases. After the recent increase in cotton prices, buyers expect prices to rise, so they try to make new transactions.”
30 count combed yarn is priced at Rs 280-290 per kilogram (including GST). The price of 20-count and 25-count combed yarn per kilogram is 270-280 rupees and 275-285 rupees. The price of 30 count carded yarn is 260-270 rupees per kilogram.
In Delhi, cotton yarn prices were stable but trading activity improved. A trader in the Delhi market said that although trading activity has improved, uncertainty remains. Cotton yarn trading is stable. Sources said buyers are trying to get a clearer picture of market trends.
In the Delhi market, the trading price of 30-count combed yarn is 280-285 rupees per kilogram (GST extra), and the 40-count combed yarn is 305-310 rupees per kilogram; The price of 30-count carded yarn is quoted at 255-260 rupees per kilogram, and the price of 40-count carded yarn is 280-285 rupees per kilogram.
Panipat recycled yarn market purchases have also improved, but prices have maintained a stable trend.
Traders expect the supply of raw materials such as combed cotton, recycled polyester fiber, and textile waste to increase.
The recycled yarn market is paying attention to the virgin yarn market to find a broader market direction. The price of 10 count recycled yarn (white) is 90-95 rupees per kilogram (extra GST).
Cotton prices in northern India are weak due to slowdown in demand from multinational companies. After a rapid rise last week, the price has dropped by Rs 50-75/morund (37.2 kg).
According to local traders, rising prices are discouraging buyers.
Multinational companies are unwilling to acquire at higher prices. Cotton arrivals in northern India have also increased to 14,000 bales (170 kg each). The price of cotton in Punjab is 6250-6375 rupees/morund, Haryana is 6250-6400 rupees/morund, and Rajasthan is 6480-6550 rupees/morund.
