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Yarn prices stable despite rise in North India cotton, demand weak

Cotton yarn prices did not see significant movement in the Ludhiana market. The market experienced weak demand from the downstream industry. A trader from the Ludhiana market told Fibre2Fashion, “Cotton yarn trade noticed silent demand as summer demand is still weak. The downstream industry is not sure about good demand for finished products in the coming months. Spinning mills are focusing on the export market due to the weaker Indian currency. Cheaper imported cotton has also provided an opportunity for the global market.”

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. Carded yarn of ** count was noted at &#****;***-*** (approximately $*.**-*.**) per kg today, according to trade sources.