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North Indian cotton yarn prices steady, spinners favour export markets

On the other hand, the local consumer industry was not ready to pay higher prices as the demand from the downstream industry was not up to the mark. The market also experienced tight payment flow due to the financial year closing. Recycled polyester-cotton yarn and recycled polyester yarn were also traded stably in Panipat. The home textile value chain is facing sluggish demand globally because of heavy stocks at every level.

A trader from the Ludhiana market told Fibre2Fashion, "The local industry was not comfortable with the recent rise in cotton yarn prices. Fabric manufacturers were not getting enough demand from the garment industry. Both local and export demand for ready-made garments was not so encouraging.” Cotton yarn prices remained stable in the market.