The South Indian cotton yarn trading market has experienced a notable bearish trend, marked by a decline in demand for yarn. Traders attribute this decrease to the industry’s ongoing decline, which has created uncertainty among buyers.
Additionally, the market is grappling with a financial crisis, as traders throughout the textile value chain are not receiving their rightful payments from the buyers.
In contrast, the Tirupur market demonstrated price stability despite moderate demand. Mumbai also witnessed a decline in cotton yarn prices, with a decrease of Rs. 5-7 per kg.
Meanwhile, the cotton trade in Gujarat has come to a halt due to the cyclone, and it is not anticipated to resume until next week.
The prices of various cotton yarn counts in the Tirupur market are as follows (excluding GST) 30 count combed cotton yarn: Rs. 264-270 per kg, 34 count combed cotton yarn: Rs. 275-280 per kg, 40 count combed cotton yarn: Rs. 285-292 per kg, 30 count carded cotton yarn: Rs. 240-245 per kg, 34 count carded cotton yarn: Rs. 247-252 per kg.
