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North Indian cotton yarn market eyes new year for revival

*.*pt"> In north India&#**;s cotton yarn market, especially in Punjab&#**;s Ludhiana, demand uncertainties and reduced garment export orders have led to a minor price drop of &#****;* per kg across various counts and types of cotton. Conversely, Delhi&#**;s market remained stable, albeit with limited trade due to the year&#**;s end. Chinese and Bangladeshi importers are pushing for lower prices, but domestic mills resist due to high production costs. Market sentiment suggests a clearer trend might emerge in the new year, with some optimism in Panipat&#**;s recycled yarn market and hopes for an upturn in the home textile segment after a prolonged downturn in ****. 

*.*pt"> In Ludhiana, market sentiments were weak in the cotton yarn trade as demand remained low. Garment manufacturing units were slow in purchasing fabric, which decreased demand in the weaving and spinning industries. Cotton yarn export demand was also sluggish due to disagreements between exporters and importers over rates. A trader from the Ludhiana market told Fibre2Fashion, "Cotton yarn export orders were very limited. Mills were not agreeing to reduce the prices of cotton yarn as demanded by foreign buyers. Recessionary pressure led to tough negotiations over prices."