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North India cotton yarn prices bearish but traders optimistic

The Ludhiana market experienced a decline in cotton yarn prices due to poor demand, with prices falling by &#****;*-* per kg. Mills and stockists faced pressure to sell their inventory at lower prices. Despite this, traders remained optimistic that cotton yarn prices would find support around Diwali. A trader from the Ludhiana market told Fibre2Fashion, "Buyers often wait for the bottom line before making purchases. They are slow to buy fresh stock, but they&#**;ll need to replenish their inventories after the festival sales leading up to Diwali. As a result, we expect fresh buying activity, which should support market sentiment and potentially improve cotton yarn prices." 

In Ludhiana, ** count cotton combed yarn was sold at &#****;***-*** per kg (GST inclusive); ** and ** count combed yarn were traded at &#****;***-*** per kg and &#****;***-*** per kg respectively; and carded yarn of ** count was noted at ***-*** per kg, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro.