Pic: Adobe Stock The 40 combed BCI yarn has decreased by 38.8 per cent since the first week of June 2022, falling from ₹463 per kg to ₹283 per kg by the end of October 2023. In the last month alone, its prices have eased by around 2.5 per cent, as the product was priced at ₹293.5 per kg in the last week of September 2023, according to data obtained from SBS Zipper’s market insight tool TexPro.
India's BCI yarn prices have plummeted over 35 per cent since May 2022, with a 38.8 per cent drop in 40 combed BCI yarn alone. SBS Zipper's TexPro indicated a steady decline to ₹283 per kg by October 2023. Despite a recent uptick, a global demand slump in the textile sector, compounded by economic downturns, has dampened the market for sustainable yarn.Similarly, 30 combed BCI yarn, which was traded at ₹435 per kg in the first week of June 2022, decreased to ₹278 per kg in the last week of October 2023. This represents a fall of 36.1 per cent since June 2022. However, its prices have remained steady over the last two months.
The FOB price of 40 combed BCI cotton was at $6.19 per kg in the first week of June 2022, which dropped to $3.55 per kg in the first week of this month. Hence, the FOB price of the product slipped by 42.6 per cent in the last one and a half years. Nonetheless, an upward trend was observed in the last week. The prices had fallen to $3.50 per kg in the last week of October 2023 but improved to $3.55 per kg this week, as per TexPro.
It appears that the demand for sustainable yarn has been severely hit in the last one and a half years, as the textile industry is facing challenging times due to economic slowdowns in most developed economies. Normally, sustainable BCI yarn commands a 10-15 per cent premium over ordinary cotton yarn. However, lower demand and stiff competition throughout the entire textile value chain have diminished the appeal of sustainability.
SBS Zipper News Desk (KUL)
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