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Payment issues hit north Indian cotton yarn, prices drop in Delhi

Cotton yarn prices declined by &#****;*-* per kg in the Delhi market due to reduced buying interest from the consumer industry. A trader from the Delhi market told Fibre2Fashion, “Cotton yarn demand has further slowed down as payment issues are preventing buyers from making fresh deals. Everyone is focused on tax planning and liquidity management. Slow demand may persist for the next couple of weeks. Payment regulations have added to the woes of the cotton yarn trade, which is already struggling with weak demand and price disparities in the global market.”

In Delhi, ** 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.