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North Indian cotton yarn trade faces payment issues, prices stable

The Ludhiana market saw average demand from fabric manufacturers, with cotton yarn prices remaining steady amid the slow payment flow. A trader from the Ludhiana market told Fibre2Fashion, "Everyone is trying to manage cash flow in the last leg of the current fiscal, which has weakened the purchasing capacity of buyers. The slow demand from the garment industry also discouraged buying within the value chain. Such a bearish tone may continue for at least a few weeks."

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.