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North Indian cotton yarn prices steady; demand low due to cash crunch

In the Ludhiana market, cotton yarn prices remained stable after a &#****;* per kg increase last week, driven by rising cotton prices. Demand from the consumer industry was slow due to uncertainty in the downstream industry and cash shortages. A trader from Ludhiana told Fibre2Fashion, “Mills had increased yarn prices last week after cotton prices rose. This week opened with weak demand and cash constraints. Traders and stockists are diverting their cash into shares for immediate gains. They feel that the cotton yarn trade is less profitable.”

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.