TIRUPPUR TRADERS EXPECT COTTON YARN PRICES TO RISE POST FESTIVE SEASON
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18 January 2022, Mumbai:
Traders in Tirrupur market expect cotton yarn prices to increase post the festive season next week. As per a Textile Value Chain report, cotton yarn prices remained steady in the Tirrupur market despite poor demand.
Cotton yarn of 30 counts combed was traded in Tiruppur at Rs 350-360 per kg, 34 counts combed at Rs 360-365 per kg, and 40 counts combed at Rs 390-395 per kg.
Cotton yarn of 30 counts carded was sold at Rs 320-325 per kg, 34 counts carded at ₹325-330 per kg, and 40 counts carded at Rs 345-350 per kg. Prices of cotton yarn of 30 count carded and 40 count carded declined by ₹5 per kg due to poor demand.
Many workers in Tiruppur have gone on holiday to celebrate Pongal and other regional festivals. Hence, demand remained weak. However, the scenario is likely to change at the end of this month.
Fabric manufacturers will have to buy yarn at higher prices to meet demand from downstream industries. Demand for summer clothing will be good, so the prices are expected to rise for the entire value chain of the textile industry.
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