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Cotton yarn prices stable despite slow trade in north India

22 Jan '24
3 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Cotton yarn trade in north India declined today due to the ongoing festivities in Ayodhya, with prices stable in Delhi and Ludhiana.
  • Demand is slow amid weak export orders. Recycled yarn prices in Panipat remained unchanged.
  • Cotton prices in north India are stable, with today's arrivals totalling **,*** bales of *** kg across various states.

*.*pt"> In north India, the cotton yarn trade decreased today in major markets on the occasion of the inauguration of Ram temple in Ayodhya. Traders reported that cotton yarn trade was slow. Cotton yarn prices remained at previous levels in Delhi and Ludhiana. The market is expected to respond to fundamentals later this week. The cotton yarn trade is currently experiencing slow demand from the weaving industry due to weak export orders from global and domestic brands and retailers. 

*.*pt"> A trader from the Ludhiana market told Fibre2Fashion, "Most buyers were absent from the market, preferring religious engagements over trading activities. Only buyers with immediate needs were purchasing cotton yarn. The market&#**;s direction will become clearer in the coming days." 

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