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North Indian cotton yarn prices ease amid weak sentiments post-Diwali

16 Nov '23
4 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Prices of cotton yarn in Delhi and Ludhiana have decreased by ₹***-₹*** per kg after Diwali, with weak demand and cautious buyers.
  • In Panipat, cotton comber prices fell by ₹* per kg amid sluggish market sentiment.
  • North India's cotton prices, however, rose by ₹**-₹** per maund after Diwali, driven by strong demand and a recovery in ICE cotton.

*.*pt"> Cotton yarn prices have softened by &#****;*-* per kg in the Delhi and Ludhiana markets. Trading in north India&#**;s cotton yarn market resumed after Diwali on a weaker note. Buyers remained silent and exercised caution in new purchases. Traders noted that the post-Diwali market activity was not at normal levels. It is expected that the market will take a few more days to return to normal, with hopes for standard trade levels from next week. However, market experts are still uncertain about any potential improvements. They observed that mills have lowered yarn prices following a recent ease in natural fibre costs. The market is keenly anticipating an increase in demand from the downstream industry. 

*.*pt"> The Delhi market has seen a declining trend in cotton yarn prices, with slow demand from the downstream industry. A trader from the Delhi market told Fibre2Fashion, "There has been no improvement in market sentiments. Trade has not returned to normal levels after Diwali. The market is expected to take cues next week." 

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