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North India's cotton yarn market faces sluggish demand

09 May '24
4 min read
North India's cotton yarn market faces sluggish demand
North India's cotton yarn market faces sluggish demand

Insights

  • Cotton yarn trade in north India remains sluggish due to poor demand and geopolitical uncertainty.
  • Prices fell in Delhi but stayed steady in Ludhiana.
  • The market is cautious with buyers only purchasing for immediate needs.
  • Panipat's recycled yarn market also faces slow demand.
  • Cotton prices in the region are rising due to higher ICE cotton rates.

In the Delhi market, a decline of &#****;*-* per kg was noted due to poor demand, and the market faced cautious buying amid weak sentiments. According to trade sources, concerns over garment exports to international markets have arisen after renewed attacks on vessels by Houthi rebels, which could delay shipments and increase freight charges. This unease regarding further weakening demand from the downstream industry has dented market sentiments.

In this market today, ** count combed knitting yarn was traded at &#****;***-*** (approximately $*.**-*.**) per kg (GST extra), ** count combed at &#****;***-*** (approximately $*.**-*.**) per kg, ** count carded at &#****;***-*** (approximately $*.**-*.**) per kg, and ** count carded at &#****;***-*** (approximately $*.**-*.**) per kg.

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