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Cotton yarn demand slows in North India amid global concerns

The Ludhiana market observed slower demand for cotton yarn amid uncertainty regarding uptake from the downstream industry. Although cotton yarn prices remained unchanged, a trader from the Ludhiana market told Fibre2Fashion, “After last week’s price fall, sellers are not ready to reduce prices further. They are waiting for demand to improve next month. However, macroeconomic conditions in the global market are not very favourable, which may result in lower consumer spending at western retail stores.” Buyers are being cautious with new deals as they are uncertain about future demand.

In Ludhiana, ** count cotton combed yarn was sold at &#****;***-*** (approximately $*.**-*.**) per kg (inclusive of GST); ** and ** count combed yarn were traded at &#****;***-*** (approximately $*.**-*.**) per kg and &#****;***-*** (approximately $*.**-*.**) per kg, respectively; and carded yarn of ** count was noted at &#****;***-*** (approximately $*.**-*.**) per kg today, according to trade sources.