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Cotton yarn prices dip in north India amid import surge; comber down

The Ludhiana market has witnessed a downturn in cotton yarn prices due to weak trade. Cotton yarn prices have declined by &#****;*-* per kg in this prominent textile hub in north India. Heavy imports of fabric and readymade garments are impacting the domestic garment market. Neighbouring exporting countries like China and Bangladesh are flooding the Indian market to compensate for their losses in Western markets in Europe and the US. Gulshan Jain, a trader from the Ludhiana market, told Fibre2Fashion, "Cheaper fabric imports have flooded the local market. The weaving and spinning industries are losing their market share to imported supplies. Market sentiments are unlikely to improve until there is a check on cheap imports." 

In Ludhiana, ** count cotton combed yarn was sold at &#****;***-*** per kg (GST inclusive); ** and ** count combed yarn were traded at &#****;***-*** per kg and &#****;***-*** per kg respectively; and carded yarn of ** count was noted at &#****;***-*** per kg, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro.