Cotton yarn prices increased by up to ₹3-12 per kg in the Mumbai market as buyers are coming back to the market expecting fabric production to increase after Eid on May 3. Bullish trend in cotton prices have also added to the increase. Tiruppur market in south India noted a steady trend, but yarn prices are expected to increase in the coming week as demand is on the rise.
Traders said that Muslim workers will return after Eid, thus more power looms will begin production. Mills have already been trying to increase yarn prices due to higher costs. The upward trend in global and domestic cotton prices are also pushing up yarn prices. Mills are reducing cotton yarn production which is a supportive move, trade sources told Fibre2Fashion.
The 60 count carded cotton yarn of warp and weft varieties were traded at ₹2,100-2,150 per 5 kg and ₹1,900-2,050 per 5 kg, respectively. Carded cotton yarn (44/46 count) of warp variety was traded at ₹1,970-2,000 per 5 kg. 80 count carded cotton yarn of weft variety was sold at ₹2,100-2,150 per 4.5 kg. 40 count carded cotton yarn (warp) was sold at ₹361-367 per kg and 40 count combed yarn (warp) was priced at ₹405-425 per kg.
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