Mills are adjusting yarn prices after fall in the price of the natural fibre

In Tiruppur market, cotton yarn lost ₹30-40 per kg as mills have reduced their selling prices in the beginning of this month. Mills are adjusting yarn prices after fall in the price of the natural fibre. The market noticed slight improvement in demand. A trader from Tiruppur told Fibre2Fashion, “Demand slightly improved as lower prices attracted buyers. However, improvement in demand was very little. Buyers were not still confident.” Traders feel that downward trend may continue as higher arrival of cotton will drive prices downside. But lowering in prices are attracting weaving industry for new purchases. Today, 30 count combed cotton yarn was traded at ₹308-315 per kg (GST extra), 34 count combed at ₹315-320 per kg and 40 count combed at ₹330-340 per kg in Tiruppur market. Cotton yarn of 30 count carded was sold at ₹285-290 per kg, 34 count carded at ₹290-295 per kg and 40 count carded at ₹300-310 per kg, according to Fibre2Fashion’s market insight tool TexPro