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Global demand further drives up cotton yarn prices in north India

27 Jul '23
4 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • North Indian cotton yarn prices are rising due to a stronger ICE cotton index and enhanced global and domestic demand.
  • This upward trend is visible in Ludhiana and Delhi, with prices up by ₹*-* per kg.
  • Chinese buyers are actively seeking Indian cotton yarn, resulting in increased prices.
  • The Panipat market is also observing a rise in cotton comber prices.

There has been a surge in yarn export inquiries from foreign buyers, with Chinese importers expressing particular interest in Indian cotton yarn. Moreover, the price of comber, a byproduct of the cotton industry, also experienced an uptick in the Panipat market due to the rising cost of cotton. However, the demand for recycled PC yarn remained stagnant. 

The Ludhiana market continues to experience an upward trend in cotton yarn prices. A surge in domestic and global demand has prompted a price increase of &#****;*-* per kg. A local trader told Fibre2Fashion, “Chinese buyers have been actively seeking cotton yarn from the Indian market, particularly following the rise in ICE cotton. The growing cost of cotton has led spinning mills to raise their yarn prices, a move further buoyed by robust domestic demand.” 

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