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Rupee slide boosts India's yarn exports, local demand still weak

Although domestic demand in Delhi remained very slow, spinning mills raised prices by &#****;* per kg due to stronger export inquiries from China and other destinations. Even with soft local demand, mills and stockists are attempting to push prices upward. A trader from the Delhi market told Fibre*Fashion, “Mills have increased prices as they received good demand from China last week. They expect this momentum to continue in the coming week as the falling rupee has provided a cushion to spinners.”

In Delhi, ** count combed knitting yarn was traded at &#****;***-*** (~$*.**-*.**) per kg (GST extra), ** counts combed at &#****;***-*** (~$*.**-*.**) per kg, ** count carded at &#****;***-*** (~$*.**-*.**) per kg, and ** count carded at &#****;***-*** (~$*.**-*.**) per kg today.