| 

North India's cotton yarn prices may rise further next month

Cotton yarn prices remained unchanged in both the Delhi and Ludhiana markets. Market experts predict weak sentiment over the next two weeks, though rising cotton prices may push yarn prices higher in the new fiscal year which begins on April *. Cotton prices have increased by around * per cent in the past two weeks.

The Ludhiana market saw a &#****;* per kg increase for various counts and varieties of cotton yarn. However, trade remained limited immediately after Holi. A trader from Ludhiana told Fibre2Fashion, “Spinning mills are trying to raise their selling prices, but weak demand is not supporting the increase. However, stronger cotton prices may push yarn prices higher next month when payment flow and demand improve.” The market is unlikely to see a significant rise in demand in the next two weeks.