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North India cotton yarn demand, liquidity expected to rise post-Diwali

The Ludhiana market witnessed stability in cotton yarn prices after a slight easing earlier this week. Spinning mills did not reduce prices despite cheaper cotton. Cotton prices eased by *–* per cent over the past two weeks. A trader from Ludhiana told Fibre2Fashion, “Spinning mills preferred to keep cotton yarn prices unchanged. They expect export demand support in the coming week. Cheaper cotton will improve their competitiveness in global markets.”

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.