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North Indian cotton yarn counters headwind, prices ease in Ludhiana

Ludhiana market noticed drop in cotton yarn prices by &#****;*-* per kg in most counts and varieties. Demand from consumer industry remained slow as buyers’ interest decreased in March. Payment crisis also discouraged buying of cotton yarn. A trader from Ludhiana market told Fibre2Fashion, “Most of companies and traders shifted their focus to manage their books in the last month of current fiscal ****-**. Buyers are also facing difficulty in placing new orders as they are not getting payment from their garment industry.” 

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.