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North India cotton yarn prices stable amid cautious optimism

The Ludhiana market observed stability in cotton yarn prices. Spinning mills are receiving higher local as well as export demand. There was no pressure on mills to sell their production. A trader from the Ludhiana market told Fibre2Fashion, “Mills expect better demand from local and export markets. Local buyers are purchasing cotton yarn on a regular basis as current prices are hovering at comfortable levels. Export demand may also improve as the falling rupee provides a cushion to Indian mills.”

In Ludhiana, **-count cotton combed yarn was sold at &#****;***-*** (approximately $*.**-*.**) per kg (inclusive of GST); ** and **-count combed yarn were traded at &#****;***-*** (approximately $*.**-*.**) per kg and &#****;***-*** (approximately $*.**-*.**) per kg, respectively; and carded yarn of **-count was noted at &#****;***-*** (approximately $*.**-*.**) per kg today, according to trade sources.