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North India sees steady cotton yarn prices amid weak demand

The Ludhiana market witnessed average demand for cotton yarn. Its prices were hovering close to the previous close. The market is closely watching sentiments following the crackdown on Chinese fabric imports. A trader from the Ludhiana market told Fibre2Fashion, “If authorities continue to inspect imports of Chinese fabric, it will send a strong message against misdeclaration. Fabric imports may reduce to some extent, but they cannot be restricted completely. The cotton yarn market may receive indirect support as officials are primarily cracking down on synthetic fabric.”

In Ludhiana, **-count cotton combed yarn was sold at &#****;***-*** (approximately $*.**-*.**) per kg (inclusive of GST); ** and **-count combed yarn were traded at &#****;***-*** (approximately $*.**-*.**) per kg and &#****;***-*** (approximately $*.**-*.**) per kg, respectively; and carded yarn of ** count was noted at &#****;***-*** (approximately $*.**-*.**) per kg today, according to trade sources.