Cotton yarn prices in India have increased by ₹4-6 per kg due to increased buying and the recent rise in natural fiber prices. Traders said that powerloom owners have increased their purchases, due to which the price has increased. Powerloom production is expected to pick up in the last week of this month.
south market
Cotton yarn prices at Tiruppur remained at the previous level but there has been improvement in demand as compared to last week. The Tiruppur market experienced increased demand from the downstream industry, though cotton yarn traded at previous prices. Trade sources noted that buyers were keen to buy more yarn for stocking up and future consumption. The consuming industries bought raw material only to meet their immediate requirement, as they did not anticipate price rise. However, the end of cotton arrival season has prompted industry units to maintain their stocks.
In the Tiruppur market, 30 count combed cotton yarn was trading at ₹280-285 per kg (GST extra), 34 count combed at ₹292-297 per kg and 40 count combed cotton yarn at ₹308-312 per kg. Cotton yarn of 30 count carded was sold at Rs.255-260 per kg, 34 count carded at Rs.265-270 per kg and 40 count carded at Rs.270-275 per kg.
central market
In Gujarat, cotton prices remained bearish after gains in the previous trading sessions. Prices were ruling at ₹62,800-63,300 per candy of 356 kg, lower by ₹200 per candy than yesterday. Trade sources indicated that there has been good arrival of cotton along with regular buying from spinning mills. Recent reports of poor monsoon forecast have not impacted the cotton trade significantly as the market is yet to account for the major factors affecting cotton acreage and production. Cotton arrivals in Gujarat were recorded at 42,000 bales of 170 kg each, while all-India arrivals were estimated to be around 1.40 lakh bales.
In Mumbai, 60 count cotton yarn of warp and weft varieties traded at Rs 1,550-1,580 and Rs 1,435-1,460 per 5 kg (GST extra), respectively. 80 carded (weft) cotton yarn was sold at 1,460-1,500 per 4.5 kg; 44/46 count carded cotton yarn was priced at ₹280-285 per kg; 40/41 count carded cotton yarn (warp) was trading at Rs 272-276 per kg and 40/41 count combed yarn was trading at Rs 294-307 per kg. Compared to yesterday, the yarn market of Madhya Pradesh remained stable today.
north market
The cotton polyester yarn market of Punjab and Haryana remained stable. The price of 10 count cotton polyester yarn was Rs.91 per kg.
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