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North India's cotton yarn prices remain stable amidst cautious demand

07 Dec '23
4 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Cotton yarn prices in north India have shown little movement due to stagnant demand from the downstream industry.
  • While demand from the weaving sector remained average, buyers remained cautious about entering into new deals.
  • However, there is potential for support from higher cotton prices, which could lead to an increase in yarn and fabric prices.

*.*pt"> North India&#**;s cotton yarn prices did not see a significant movement as demand from the downstream industry did not improve. Traders said that demand from the weaving industry was average. There was no improvement as buyers were still cautious about new deals. However, nobody denied the possibility of support from stronger cotton. Buyers may rush to the market for new buying in the entire value chain as higher cotton prices may lead to a rise in yarn and fabric prices. India&#**;s prominent home textile hub, Panipat, also witnessed stability in recycled yarn and its raw materials, such as cotton comber and recycled polyester fibre. 

*.*pt"> In the Ludhiana market, cotton yarn prices remained stable due to average demand. The market witnessed a balance between the demand and supply of cotton yarn. A trader from the Ludhiana market told Fibre2Fashion, "We cannot say that cotton yarn demand was poor, but it could only support the present price level. However, higher cotton prices and seasonal consumption may lead to an increase in prices. Summer demand is expected to rise this month." 

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