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North Indian cotton yarn holds firm amid rising export opportunities

In the Ludhiana market, cotton yarn prices hovered at previous levels, with average demand observed. Limited payment flows were a negative factor for the trade, but the prospects of increased cotton yarn exports provided a positive outlook. A trader from the Ludhiana market told Fibre2Fashion, “Domestic demand is not very encouraging, but the recent rise in ICE cotton has improved price parity for cotton yarn exports from local spinners. Summer garment production is gradually picking up, which may boost cotton yarn demand.”

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.