Foreign news on May 22, affected by falling demand, cotton yarn prices in northern India continued to decline. Falling prices for polyester fiber and its raw materials have also weighed on the cotton value chain. The price of cotton yarn in the Ludhiana market fell by Rs 5 per kilogram, reflecting the sluggish demand in the Delhi market.
However, cotton yarn prices remain stable overall. The Panipat recycled yarn market also remained stable as demand slowed down due to weak exports of home furnishing products. Cotton yarn prices fell by Rs 5 per kg in the Ludhiana market, hinting at a downward trend.
Softening cotton prices affect market conditions. A trader in the Ludhiana market said: “Demand from the textile industry and exporters has not yet improved. Due to tight liquidity, textile mills are offering lower discounts. Stockists and traders are also selling cotton yarn at lower prices.”
In Ludhiana, 30 count combed yarn is priced at Rs 265-275 per kg (including GST), and 20 and 25 count combed yarn is priced at Rs 255-275 per kg. 260 and 260-265 rupees, 30 count carded yarn 245-255 rupees per kg. Cotton yarn market prices experienced a decline last week.
Although demand from the textile industry has not improved, cotton yarn prices in the Delhi market have remained stable. A trader in the Delhi market said: “The slowdown in exports is the main concern in the market. The recent fall in polyester prices has also led to reduced demand for cotton. Manufacturing units in the textile value chain have found cotton unviable, making it less attractive.”
According to TexPro, in the Delhi market, the price of 30-count combed yarn is quoted at 260-273 rupees per kilogram, 40-count combed yarn is 290-300 rupees per kilogram; 30-count carded yarn The yarn is priced at 238-245 rupees per kilogram and the 40 count carded yarn is 268-275 rupees per kilogram.
The Panipat recycled yarn market is also witnessing slowdown in demand from home furnishing product manufacturers. Trade market players indicate that demand for these products has dropped sharply after the COVID-19 epidemic, with no immediate signs of improvement.
Cotton prices in northern India have been hit by weak demand from spinning mills. Traders said demand for cotton from spinners and exporters has not improved despite reduced arrivals. Recent declines in polyester fiber and its raw material prices have further weakened cotton’s appeal. As the price gap between natural and man-made fibers widened, polyester became more viable.
The arrival quantity of cotton is 5,000 bales (1 bale = 170 kg). The transaction price of cotton is 5875-5975 rupees per morind in Punjab, 5850-5950 rupees per morind in Haryana, 6150-6250 rupees per morind in upper Rajasthan, and 56000-56000-56000 rupees per kandi (356 kg) in lower Rajasthan. 58,000 rupees.
