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North Indian cotton yarn struggles amid slow demand, liquidity crunch

The Ludhiana market witnessed a rise in the price of knitted fabric imported from China as the government increased customs duty to curb excessive imports. However, the price rise did not support domestic cotton yarn prices, which remained largely unchanged. A trader from the Delhi market told Fibre2Fashion, “The market continues to see weak to average demand for cotton yarn from the consumer industry. Following the change in customs duty policy in the Union Budget, the average price of Chinese knitted fabric increased by &#****;** per kg. However, cotton yarn prices did not improve as knitted fabric is mainly produced from man-made fibre yarn. Higher customs duty has made knitted fabric imports from China more expensive.”

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