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Stability marks north India's cotton yarn amidst global cotton import

Cotton yarn was stable in Ludhiana, with normal trading in the first week of the new year. A trader from Ludhiana told Fibre2Fashion, "Cotton yarn trade saw average demand from the weaving industry. However, the major factor for market steadiness was the large mills&#**; cotton imports. They are buying cheaper cotton from other countries and selling downstream products in both domestic and global markets. Therefore, they are minimally affected by the rise in domestic cotton prices."

In Ludhiana, ** count cotton combed yarn was sold at &#****;***-*** (approximately $*.**-*.**) per kg (inclusive of GST); ** and ** count combed yarn were traded at &#****;***-*** (approximately $*.**-*.**) per kg and &#****;***-*** (approximately $*.**-*.**) per kg, respectively; and carded yarn of ** count was noted at &#****;***-*** (approximately $*.**-*.**) per kg today, according to trade sources.