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Cotton yarn stable in north India, Bangladesh curbs bring no relief

The Ludhiana market remained steady after easing late last week. The market had recorded a decline of &#****;* per kg in cotton yarn last week. It is facing not only weak demand from the consumer industry but also pressure from weak ICE cotton prices. A trader from Ludhiana told Fibre2Fashion, “Market factors were not supportive of cotton yarn trade. India’s restriction on garment imports from Bangladesh via land routes also failed to improve sentiment. Heavy imports of Chinese fabric are eating into domestic cotton yarn 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.