MMF prices in Surat, Mumbai rise as exports increase in FY25-26

The Indian manmade yarn market is facing a complex bullish cycle as domestic prices across major hubs like Surat and Mumbai have increased approximately Rs 7 to Rs 10 per kg in May 2026. This upward movement is primarily led by a 3.6 per cent growth in manmade textile exports during the FY25-26, along with higher input costs. Global geopolitical tensions in West Asia have destabilized the petrochemical supply chain, driving crude-linked feedstock such as Purified Terephthalic Acid (PTA) and Monoethylene Glycol (MEG) to multi-month highs.

Stakeholders report, polyester and viscose blends are witnessing a shift in demand. While cotton prices have increased nearly Rs 5,000 per candy following the withdrawal of import duty exemptions, apparel manufacturers are increasingly turning to synthetic alternatives. However, this substitution effect has tightened the supply of virgin polyester staple fiber (PSF). Growing energy overheads along with a supply-side squeeze from mother yarn manufacturers, say South Indian spinners' association are major reasons for the current situation. Despite cost pressures, the Ministry of Textiles confirmed, total MMF exports reached Rs 42,687.8 crore last fiscal, buoyed by new free trade agreements with the UK and EU, which provide a critical outlet for Indian value-added fabrics amid domestic volatility.

A dominant force in the global polyester value chain, Reliance Industries (RIL) commands significant market share in the Indian PSF and PFY segments. With a focus on sustainable materials and high-tenacity industrial yarns, the company continues to expand its specialty chemical and textile portfolio to cater to both domestic garment hubs and high-growth export markets in Europe and Asia.