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Falling rupee supports north Indian cotton yarn; prices up in Ludhiana

Ludhiana saw a &#****;* per kg rise in cotton yarn prices due to stronger export demand. A trader from Ludhiana told Fibre*Fashion, “Spinning mills have little interest in selling cotton yarn in the domestic market as export demand is more lucrative. The weaker rupee against the US dollar is providing additional margins, enabling mills to compete with suppliers from other countries.”

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