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North India's cotton yarn market stays muted amid MSP hike concerns

The Ludhiana market observed limited buying due to reduced consumption of cotton yarn. However, prices remained unchanged. A trader from Ludhiana told Fibre2Fashion, “Workers have not yet returned to factories from their native places. As a result, weaving and other activities across the textile value chain remain slow. Buyers are not placing new orders as factory consumption is still very limited.”

Traders also noted that the MSP hike is not a supportive measure and may pose challenges for Indian exporters.