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North India's cotton yarn market bearish, prices down in Ludhiana

16 Jan '23
3 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • North India's cotton yarn market witnessed a bearish trend today due to poor demand. Cotton yarn prices were down by ₹* per kg in Ludhiana as demand was sluggish from the consumer industry. But the prices were steady in Delhi. Traders said that the demand is poor because the garment industry is still reeling under reduced buying from consumers.

Ludhiana market witnessed a drop of &#****;* per kg in cotton yarn prices. “Buyers were not keen to buy at current prices. The downstream industry was still uncertain. Payment conditions were also tight which further hampered buying,” a trader from Ludhiana market told Fashion*Fashion

In Ludhiana, ** count cotton combed yarn was sold at &#****;***-*** per kg (GST inclusive); ** and ** count combed yarn were traded at &#****;***-*** per kg and &#****;***-*** per kg respectively; and carded yarn of ** count was steady at &#****;***-*** per kg, according to Fibre2Fashion’s market insight tool TexPro. 

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