Foreign news on August 30 showed that the price of cotton yarn in Mumbai fell by 5 rupees per kilogram as retailers and traders tried to clear stocks before the Ganesha festival.
Tirupur yarn price trend is stable as demand is not supportive. Overall, the South Indian market is cautious.
The Mumbai market continues to witness a downward price trend as demand remains very weak.
As retailers and traders try to clear their stocks ahead of Ganesha, one of the most important festivals in Maharashtra, most cotton yarn varieties are priced per kg Down 5 rupees.
A trader in the Mumbai market told Fibre2Fashion, “Traders and retailers are locking in profits before the holiday on Wednesday. Lack of demand has forced sellers to lower prices. Cotton mills must Reduce the selling price.”
The trading price of warp and weft 60-count fine cotton yarn is 1875-1925 rupees and 1775-1850 rupees per 5 kilograms (excluding consumption tax).
According to Fibre2Fashion’s market insight tool TexPro, 80-count cotton yarn (weft yarn) sells for 1840-1890 rupees per 4.5 kg, and 44/46-count thick cotton yarn (warp yarn) ) price per kilogram is 365-375 rupees. 40/41 count carded cotton yarn (warp yarn) is sold at Rs 350-355 per kg. The price of 40/41 count combed yarn (warp yarn) is 390-395 rupees per kilogram.
Cotton yarn prices have remained stable in the Tirupur market over the past few days.
Traders said that yarn market demand is at average levels. The current demand cannot support the increase in cotton yarn prices.
According to market news, buyers are only buying cotton yarn to meet immediate needs.
According to TexPro data, in the Tirupur market, the transaction price of 30-count combed cotton yarn on Tuesday was 350-355 rupees per kilogram (excluding consumption tax); 34-count fine The trading price of carded cotton yarn is 362-367 rupees per kilogram; the trading price of 40-count combed cotton yarn is 365-370 rupees per kilogram.
30-count carded cotton is sold at 327-330 rupees per kilogram; 34-count carded cotton is sold at 335-340 rupees per kilogram; 40-count carded cotton is sold at 335-340 rupees per kilogram; Cotton is sold at Rs 345-350 per kilogram.
In Kupang, cotton prices remain stable due to decreasing trade volume. Cotton purchases by textile mills fell further. In the Kupang spot market, the transaction price of S-6 cotton is 91,000-100,000 rupees per kandi (1 kandi = 356 kg).
According to traders, there is a shortage of high-quality cotton, and lower-quality cotton is currently being traded.
