Foreign news on April 26 indicates that the decline in cotton arrivals is expected to change the market structure. Cotton yarn traders in southern India expect demand to pick up in the next 1-2 weeks. Spinning mills are also reducing cotton yarn production, which will support cotton yarn prices. In addition, due to possible tight supply in the market, downstream manufacturers may increase purchases.
Traders said fabric manufacturers will return to the market as they will have to reserve cotton yarn for consumption in the coming months, otherwise they will It will be difficult to find a stock supply of yarn. Spinners may increase yarn prices due to reduced cotton supply, and they also reduce cotton yarn production.
Market prices in Mumbai remain bearish due to weak spot demand. Prices of cotton yarn of various counts fell by Rs 2-3 per kg. But traders said the market was expected to bottom out soon.
Tiruppur (Tiruppur) market demand improved, but yarn prices remained stable. Traders said buyers were back in the market but asking lower prices because yarn prices had fallen in the previous week. Trader PurushottamGupta said: “Spinning mills are reducing cotton yarn production. The rising cost of natural fibers will push up yarn prices.”
In Kupang, due to demand from textile mills Weak, cotton prices fell for the sixth consecutive day on Tuesday, but daily arrivals remained stable.
