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North Indian cotton yarn's demand weak, export outlook improves

In Ludhiana, cotton yarn prices dropped by &#****;* per kg as mills and stockists reduced selling rates, though domestic demand showed no improvement. Export demand, however, is expected to strengthen soon. A Ludhiana trader told Fibre2Fashion, “Cotton prices are coming down, which is good for spinning mills. Cheaper raw material has helped cut production costs. Lower production has improved prospects for export orders.”

In Ludhiana, ** count cotton combed yarn was sold at &#****;***-*** (~$*.**-*.** per kg (inclusive of GST); ** and ** count combed yarn were traded at &#****;***-*** (~$*.**-*.**) per kg and &#****;***-*** (~$*.**-*.**) per kg, respectively; and carded yarn of ** count was noted at &#****;***-*** (~$*.**-*.**) per kg today, according to trade sources.