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North Indian cotton yarn experiences sluggish demand, prices decline

Ludhiana market witnessed down trend in cotton yarn prices. There was weaker demand from weaving industry as domestic and export apparel demand was very uncertain to improve. Gulshan Jain, a trader from Ludhiana market, told Fibre2Fashion, “Mills were facing very slow demand both from the export market and the domestic consumer industry. Many mills had to observe extra one day leave per week to reduce production. They are focusing on production of higher counts to reduce yarn production and cotton consumption.” According to Fibre2Fashion’s market insight tool TexPro, ** count cotton combed yarn was sold at &#****;***-*** per kg (GST inclusive). ** and ** count combed yarn were traded at &#****;***-*** per kg and &#****;***-*** per kg respectively. The price of carded yarn of ** count was noted at &#****;***-*** per kg. Cotton yarn prices eased down by &#****;* per kg in the market.

Delhi market also noted weaker trend in cotton yarn prices. Demand from downstream industry did not give any signal for improvement. A trader from Delhi market told F*F, “Millers and stockists were forced to reduce cotton yarn prices. Cotton yarn of ** counts witnessed a declined of &#****;* per kg.” ** count combed yarn was traded at &#****;***-*** per kg (GST extra), ** count combed at &#****;***-*** per kg, ** count carded at &#****;***-*** per kg and ** count carded at &#****;***-*** per kg, as per TexPro.