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North India cotton yarn prices steady amid slow demand

The Ludhiana market saw weak demand for cotton yarn from the weaving industry. Its prices did not see significant movement in the last couple of days. However, spinning mills are receiving more orders from overseas buyers. A trader from the Ludhiana market told Fibre2Fashion, “The continued fall in the Indian rupee against the US dollar has increased the competitiveness of Indian spinners. They are getting more orders from the global market, but domestic demand is not supportive of the cotton yarn trade.”

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.