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Cotton yarn stays stable in north India amid GST changes

Ludhiana reported average demand from the consumer industry, with prices holding at previous levels. Traders believed the GST cut had no immediate impact on cotton yarn, though they expect a positive effect in the long term. A Ludhiana-based trader told Fibre*Fashion, “Cotton yarn prices were stable due to a lack of support from the consumer industry, but spinning mills are expecting better export demand in the coming weeks. GST cuts may boost cotton yarn demand only if the benefits cascade through the entire textile value chain.”

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