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Thin trade in north India cotton yarn due to new payment rule

A trader from the Ludhiana market told Fibre2Fashion, “There was a sense of caution among buyers as they did not want to place orders without considering cash flow projection. Although cotton yarn prices had noticed upward trend in last week due to stronger cotton, demand from downstream industry was still limited.” In Ludhiana, ** count cotton combed yarn was sold at &#****;***-*** per kg (GST inclusive); ** and ** count combed yarn were traded at &#****;***-*** per kg and &#****;****-*** per kg respectively; and carded yarn of ** count was noted at ***-*** per kg.

A trader from Delhi market told F*F, “Buyers were busy in compiling status of their suppliers and vendors whether they were registered as micro and small enterprise as per the act. Buyers and sellers were more busy to understand the provisions of the new payment rule.” There was average demand but over all trade was limited. In this market, ** count combed yarn was traded at &#****;***-*** per kg (GST extra), ** count combed at &#****;***-*** per kg, ** count carded at &#****;***-*** per kg, and ** count carded at &#****;***-*** per kg, according to Fibre2Fashion&#**;s market insight tool TexPro.