Foreign news on June 20, cotton yarn prices in Mumbai and Tirupur remained stable on Tuesday. Average demand in southern India is enough to keep cotton yarn prices at current levels. Traders reported that the current purchasing level in the downstream industry is relatively impressive. Tiruppur garment exporters have started receiving some orders and if these orders are substantial in size, it is expected to have a noticeable impact on the yarn market next week. The price of cotton yarn in Mumbai is still at the previous level. Although the consumer industry purchases regularly, the quantity is limited.
Cotton yarn prices remain stable and demand is average. If the market gets support from the apparel industry, then yarn prices may trend upward.
In Mumbai, 60-count carded yarn warp and weft are priced at Rs 1450-1480 and Rs 1320-1340 per 5 kg (excluding GST), 60 count combed yarn is 335-345 rupees per kg, 80 count carded weft yarn is 1400-1430 rupees per 4.5 kg, 44/46 count carded warp yarn is 264-272 rupees per kg, 40/41 carded warp yarn is 256-256 per kg 264 rupees, 40/41 count combed warp yarn 277-282 rupees per kg.
There are rumors in Tirupur that there are some export orders from international brands. The size of these export orders is not yet known, but the yarn market is very optimistic. Cotton yarn prices have remained stable over the past few days. A Tirupur trader said: “If the export order size is large, it may support the yarn market. The impact of export orders will be reflected in the yarn market next week. The current demand is at average levels, which should maintain the yarn Price.”
In Tirupur market, the price of 30-count combed yarn is 264-270 rupees per kg (excluding GST), 34-count combed yarn Yarn is 275-280 rupees per kg, 40-count combed yarn is 285-292 rupees per kg, 30-count carded yarn is 240-245 rupees per kg, 34-count carded yarn is 247-252 rupees per kg, 40-count carded yarn is Rs 250-257 per kg.
In Kupang, cotton trading has resumed after disruption caused by Cyclone Biparjoy. Due to the aftermath of the cyclone, some markets remain closed. The trading price of cotton is 57,500-58,000 rupees per kandy (1 kandy = 356 kilograms). Cotton arrivals cannot be estimated as many markets remain closed. Trade sources report that post-cyclone rains will benefit cotton sowing. Farmers have started planting, which may lead to an increase in the area planted in Kupang.
