Foreign news on January 10, seasonal changes may help boost cotton yarn prices in southern India, as summer clothing production may pick up within a few weeks. The industry is trying to adjust production at current prices. Cotton yarn prices in Mumbai increased today as demand from downstream industries improved. Purchases also increased in Tirupur. <\/p>\n
As demand increases, the price of cotton yarn in Mumbai has increased by 3-4 rupees per kilogram. “Demand has improved as summer wear production will pick up in the next 2-3 weeks. The industry is trying to adjust the current cotton yarn prices,” said Mumbai-based trader JasdfssdfsiKishasdfssdfsn. <\/p>\n
Consumer industries and traders are buying cotton yarn, and fabric trading sentiment has also improved. <\/p>\n
In the Mumbai market, the price of 60-count carded warp and weft yarn is 1540-1570 rupees and 1440-1490 rupees per 5 kilograms. 60 count warp yarn costs 345-350 rupees per kg and 80 count carded yarn costs 1470-1490 rupees per 4.5 kg. 44\/46 count carded warp yarn is 285-290 rupees per kilogram; 40\/41 count carded warp yarn is 292-295 rupees per kilogram. <\/p>\n
Sentiment has improved in Tirupur despite restrictions on production and trade during the Tamil Harvest Festival. <\/p>\n
Traders said that the textile industry is buying yarn because they need to prepare for the summer, and cotton yarn prices may rebound after the holiday. <\/p>\n
Today in Tirupur, the price of 30-count combed yarn is 285-290 rupees per kilogram (excise tax is levied separately), and the 34-count combed yarn is 300-305 rupees per kilogram. Rs. 310-315 per kg for 40 count combed yarn. <\/p>\n
30-count carded yarn is priced at 255-260 rupees per kilogram, 34-count carded yarn is priced at 265-270 rupees per kilogram, and 40-count carded yarn is priced at 270 per kilogram. -Rs 275. <\/p>\n
In Gujarat, cotton prices fell by 500 rupees to 62,500-63,000 rupees\/kandi (356 kg). There is still a price difference of 3000-4000 rupees per kandi among different ginning mills. <\/p>\n
Cotton prices fell on weak demand from spinning mills and multinational companies. <\/p>\n
According to traders, farmers are still reluctant to sell seed cotton, and the current price is 1,750-1,800 rupees per 20 kg. Optimism in the yarn trade could be positive for the market, though. <\/p<\/p>\n","protected":false},"excerpt":{"rendered":"
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