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North India cotton yarn steady, buyers cautious ahead of Union Budget

Cotton yarn prices were hovering near the previous close in the Ludhiana market. Although demand from the consumer industry was normal, fabric imports are affecting yarn trade in the market. A trader from the Ludhiana market told Fibre2Fashion, “The quality of imported polyester fabric has improved, and it is matching the quality of polyester-cotton fabric. Such a diversion of buying is a negative factor for cotton yarn as well.” It is important to note that industry organisations are consistently demanding a curb on artificially cheaper fabric imported from other countries, especially from China.

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.