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North India cotton yarn prices hold steady amid US tariff worries

Recycled yarn and raw materials in Panipat also remained steady, as the home textile hub saw sluggish demand from the consumer industry. The market reflected concerns regarding the impact of the tariffs. Panipat is a key production centre for home textile supplies.

The Ludhiana market saw average demand for cotton yarn, but prices were unchanged. Although textile company shares saw a steep rise, the market remained uncertain about actual demand within the textile trade. A trader from the Ludhiana market told Fibre2Fashion, “Traders are waiting for more clarity and direction following the announcement of reciprocal tariffs by the US. Currently, there are no positive cues in the cotton yarn market. It is too early to conclude that the tariff impact will be positive. The sudden rise in import costs will affect the purchasing decisions of US brands and retailers.”