| 

Cotton yarn prices hold steady in north India ahead of fiscal-end

However, traders hold differing views on demand and potential price rises in the coming months due to uncertainty in global trade and expectations of increased cotton availability in the domestic market. The Panipat market for recycled yarn and its raw materials also witnessed limited demand amid stable prices. Market experts expect to see improved demand in the coming month.

The Ludhiana market showed price stability on the first day of the current week, which marks the last week of the fiscal. The market experienced slow to average demand from the downstream industry. A trader from the Ludhiana market told Fibre2Fashion, “Cotton yarn demand was not weak, but it remained average despite payment issues and the annual closing in the last week of the fiscal. Demand may improve further in April ****, when the market could see stronger demand and a smoother flow of payments.”