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North Indian cotton yarn steady, discounts cease amid ICE cotton surge

23 May '24
4 min read
North Indian cotton yarn steady, discounts cease amid ICE cotton surge
North Indian cotton yarn steady, discounts cease amid ICE cotton surge

Insights

  • Cotton yarn prices in north India remained stable, but discounts ceased following a rise in ICE cotton prices.
  • Delhi and Ludhiana markets saw steady prices, while Panipat experienced thin trade due to upcoming voting.
  • Mills stopped offering discounts to bulk buyers, reflecting increased confidence in demand. Cotton prices in north India increased.

The Delhi market saw stability in cotton yarn prices, with an improvement in sentiments following the rise in the natural fibre. A trader from the Delhi market told Fibre2Fashion, "Mills have stopped discounts offered to attract potential bulk buyers. Stronger cotton has increased market confidence in recent times. However, the market prices did not see much improvement."

In this market, ** count combed knitting yarn was traded at &#****;***-*** (approximately $*.**-*.**) per kg (GST extra), ** count combed at &#****;***-*** (approximately $*.**-*.**) per kg, ** count carded at &#****;***-*** (approximately $*.**-*.**) per kg, and ** count carded at &#****;***-*** (approximately $*.**-*.**) per kg today.

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