Home breadcru News breadcru Raw Material Prices breadcru  | North India cotton yarn steady amid weak exports, Bangladesh crisis

Prime Content | 
North India cotton yarn steady amid weak exports, Bangladesh crisis

30 Sep '24
5 min read
North India cotton yarn steady amid weak exports, Bangladesh crisis
North India cotton yarn steady amid weak exports, Bangladesh crisis

Insights

  • Cotton yarn prices in northern India remained stable amid moderate demand, with weak export activity, particularly to Bangladesh, due to economic uncertainties and payment issues.
  • Domestic demand is steady, driven by the festival season, while export challenges persist.
  • Prices of recycled yarn and cotton comber in Panipat declined due to excess supply and weak export demand.

India&#**;s home textile hub, Panipat, also experienced stability in recycled yarn prices, although weak export demand for home textile products posed challenges. Prices for cotton comber and recycled polyester fibre fell slightly in the market.

The Ludhiana market continued to see normal demand for cotton yarn, with prices showing no significant movement. However, mills were looking to raise their rates to offset the disparity in production costs. A trader from Ludhiana told Fibre2Fashion, “Domestic demand was normal, in line with the festival season. But the sudden drop in shipments to Bangladesh has created a significant gap that cannot be easily covered. The neighbouring country was importing not just fabric but also yarn. The shortfall in export demand cannot be fulfilled by the local market.”

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!