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North Indian cotton yarn prices surge amid limited supply of cotton

Yarn prices saw an increase of &#****;*-* per kg in the Delhi and Ludhiana markets in northern India over the past few days. Traders attributed this rise in yarn prices to the increase in raw material costs. However, there was no significant increase in demand from downstream industries. The Panipat market witnessed a rise of &#****;*-* per kg in cotton comber prices, supported by the demand for natural fibre. Trade experts noted that there was no significant improvement in the demand for home textile products and its value chain.

A trader from the Ludhiana market told Fibre2Fashion, "Mills were aggressively raising yarn prices, which supported market prices. Buyers were cautious about purchasing at higher prices due to the lack of expected demand for downstream products. Nevertheless, prices may remain firm due to the positive outlook for natural fibre."