In the last two weeks, the North India market witnessed a 5 to 10% drop in cotton yarn price. Industry insiders say that this is consistent with the radical fall in cotton prices in the local and international markets due to the anxiety of the spread of the Omicron variant of COVID-19.
This has stimulated the yarn demand from downstream industries of textile sector.
Prices of India’s benchmark Shankar-6 cotton variety dropped to ₹65,000-65,600 per candy of 356 kg. In the Punjab state, the price of J-34 (RG 37-28.5 mm) cotton was cited at ₹61,700-61,950 per candy. In Haryana, the same cotton variety price was ₹60,446-60,732 per candy, according to a media source.
Suresh Gupta, a Delhi-based trader and patron of Delhi Cotton Yarn Merchants Association said to media, “During last 15 days, cotton yarn prices have fallen by about 5 to 10% in Delhi market. Cotton yarn of 30 count (combed) is being sold at ₹325-345 per kg, and 40 count combed yarn at ₹360-380 per kg in Delhi market. Cotton yarn of 30 count (carded) was quoted at ₹295-315 per kg, and 40 count carded yarn at ₹330-350 per kg.”
Whereas in Ludhiana 20 count combed yarn price was ₹320-330 per kg, 25 count combed yarn at ₹325-335 per kg, 30 count combed yarn at ₹330-340 per kg, and 30 count carded yarn is being sold at ₹290-300 per kg.
