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Sluggish demand in north India leads to decline in cotton yarn prices

18 May '23
3 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • North India's cotton yarn industry is struggling with weak demand from the weaving industry and limited export orders.
  • Spinning mills have been forced to halt production two days a week due to this slump.
  • North Indian cotton prices have declined due to low demand.
  • Cotton prices across Punjab, Haryana and Rajasthan reflect the downward trend in the market.

The Delhi market has suffered losses of up to &#****;* per kg, with no signs of improvement in demand from the weaving industry. A trader from the Delhi market expressed his concerns to Fibre2Fashion, stating, "The lack of demand from the weaving industry is indeed a cause for concern. Exporters are struggling to secure orders from international buyers. However, the recent surge in ICE cotton has given Indian cotton an edge. If Indian cotton continues to be more affordable than its global counterparts, we might witness a revival in cotton yarn exports." 

The traded prices for ** count combed yarn ranged from &#****;***-*** per kg (GST extra), ** count combed at &#****;***-*** per kg, ** count carded at &#****;***-*** per kg, and ** count carded at &#****;***-*** per kg, as per Fibre2Fashion’s market insight tool TexPro

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