Foreign news on April 14, the cotton yarn industry in southern India is facing a decline in demand, Tirupu prices fell, while prices in Mumbai remained stable, buyers remain cautious.
However, demand is expected to improve after Ramadan.
Weak demand for Tirupu caused cotton yarn prices to fall and cotton prices in Gubang rose as textile mills planned to increase stocks.
As downstream buyers remain cautious, resulting in the cotton yarn industry in southern India suffered a slowdown in demand. Tirub cotton yarn fell by Rs. 3-5 per kg due to lower purchases, while prices in Mumbai were stable. Purchasing uncertainty in the downstream sector led buyers to be reluctant to stockpile inventory. However it will improve after Ramadan.
Mumbai cotton yarn purchases improved slightly in the first half of the week, supporting the rise in some cotton counts and varieties. But this positive trend did not continue. A Mumbai trader said, “Buyers remain cautious amid uncertainty about corporate conditions, and better demand is expected only after Ramadan.” The market expects textile activity to increase after Ramadan as there are many Muslim workers in the textile industry in Mapon and other states.
Mumbai 60 count coarse combed warp and weft yarns were trading at Rs 1,550-1,580 and Rs 1,435-1,460 per 5 kg. 60 count combed warp yarns were quoted at Rs 350-353 per kg, 80 count coarse combed weft yarns were selling at Rs 1,460-1,500 per 4.5 kg, 44/46 count coarse combed weft yarns were priced at Rs 280-285 per kg, 40/41 count coarse combed weft yarns were priced at Rs. 272-276 per kg and Rs. 294-307 per kg for 40/41 count combed weft yarn.
Tirub faced ordinary demand from the downstream industry and weak demand led to a drop of Rs 3-5 per kg for cotton yarn. Textile mills did not reduce prices initially, but due to poor demand from downstream industries, stockists and traders offered lower prices. Buyers were not interested in stocking up only in purchasing cotton yarn for immediate needs.
Tirup 30 count combed yarn was trading at Rs 278-282 per kg, 34 count combed yarn at Rs 288-292 per kg and 40 count combed yarn at Rs 305-310 per kg. 30 count roving was selling at Rs 250-255 per kg. 34 count roving was quoted at Rs 255-260 per kg and 40 count roving at Rs 265-270 per kg.
Cotton prices rose in Kupang due to regular purchases from textile mills, and traders said that as the cotton arrival season ends, textile mills seek to add longer-term stocks. Cotton prices were quoted at 62,700-63,200 rupees per kandi, up 200 rupees per kandi from the previous year. Cotton arrivals in Kupang were 30,000 bales (170 kg/bale) and all-India arrivals were estimated at about 115,000 bales.
Post time: Apr-19-2023
