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Thin cotton yarn trade in north India; market eyes post-Holi recovery

Cotton prices increased further by &#****;** per maund (**.* kg) due to rising buying interest and stronger ICE cotton. Traders stated that north India’s J-** variety of cotton may continue to see steady demand from spinning mills in the coming months. Cotton prices could rise significantly in the months ahead if global demand improves.

The Ludhiana market witnessed limited trade in cotton yarn, as buyers and sellers showed little interest in new deals. Most counts and varieties of cotton yarn were traded at stable prices. A trader from Ludhiana told Fibre2Fashion, “Today, people are in a festive mood. They are not keen on making new deals. After Holi, cotton yarn trade may remain slow for the next two weeks. However, at the beginning of the next fiscal in April, buying interest is likely to pick up. Buyers will rush to the market when they see a more comfortable payment flow.”