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North Indian cotton yarn trade slows despite tariff relief

The Ludhiana market saw no movement in cotton yarn prices and witnessed only average demand. A trader from Ludhiana told Fibre2Fashion, “Rising cotton prices are pushing up the cost of yarn production at the mill level. Spinning mills have lost their margins and are struggling to stay afloat, as they are unable to pass on the increased cost of production. If cotton prices continue to rise, mills will be forced to raise yarn selling prices. However, they are facing subdued demand from the downstream industry.”

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.