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North Indian cotton yarn stable; local demand poor but exports improve

28 Sep '23
3 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • Despite poor local demand, cotton yarn prices in north India—Delhi, Ludhiana and Panipat—have remained stable.
  • Spinning mills have received some overseas orders, countering the weak domestic demand.
  • Panipat's recycled yarn and synthetic fibre markets were also stable.
  • In Delhi and Ludhiana, mills were unwilling to lower prices to attract domestic buyers.

The Ludhiana market experienced little significant price fluctuation due to subdued demand. A cash crunch afflicted the market, attributed to increased imports of fabric and ready-made garments from China and Bangladesh. A trader from the Ludhiana market informed Fibre2Fashion, "Local liquidity was being siphoned off into foreign markets due to higher imports of downstream products such as fabric and garments. Mills were attempting to manage their inventory and sales." 

The price of ** count cotton combed yarn was &#****;***-*** per kg (GST inclusive); ** and ** count combed yarn were &#****;***-*** per kg and &#****;***-*** per kg respectively; and carded yarn of ** count was ***-*** per kg in Ludhiana, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro. 

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