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Global banking crisis adds to woes of north India's cotton yarn trade

Buyers in Ludhiana market are not keen on fresh buying, leading to stable cotton yarn prices amid weak sentiments. “The last fortnight of March typically remains weak due to buyers&#**; focus on annual reconciliation. This year, the global banking crisis has also added to the market&#**;s woes, leading traders to prefer a wait-and-watch approach,” a trader from Ludhiana market told Fibre2Fashion. 

In Ludhiana, ** count cotton combed yarn was sold at &#****;***-*** per kg (GST inclusive), while ** and ** count combed yarn were traded at &#****;***-*** per kg and &#****;***-*** per kg, respectively. Carded yarn of ** count was noted at &#****;***-*** per kg, as per Fibre2Fashion’s market insight tool TexPro.