| 

Rupee's fall boosts cotton yarn trade, prices rise slightly in Delhi

The declining rupee is a positive factor for the cotton yarn trade, as per market experts. Despite the tight payment conditions, spinning mills are looking to increase their selling rates, expecting higher demand from importers in other countries. The Panipat market also noticed a decrease in recycled polyester fibre, with prices dropping by &#****;* per kg. Nevertheless, recycled yarn prices continued to be stable amid slow demand. Cotton comber was traded at previous levels.

In the Delhi market, cotton yarn traded slightly higher. The prices increased by &#****;*-* per kg as mills focused on export sales. A trader from the Delhi market told Fibre2Fashion, “The domestic market is still facing slow demand due to a payment crisis. It may continue for a couple of weeks. However, the falling rupee against the US dollar has provided relief to spinning mills. They are focusing on export sales rather than domestic sales. Therefore, market prices gained slightly.”