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High exports raise hope for north Indian cotton yarn; prices down

In Delhi, cotton yarn prices declined by &#****;* per kg since last week as trade remained low due to the absence of active buyers. “Today, on the first day of the new year, trade was limited. Buyers were absent. Traders were also on ease, but better export orders last week raised hopes for higher production in mills. However, parity is the main condition for better trade of cotton yarn,” a trader from Delhi market told Fibre2Fashion. 

Trade sources indicated that spinning mills received export orders from countries like Bangladesh, Turkiye, Egypt and Latin America, among other countries. In Delhi, ** count combed cotton yarn was traded at &#****;***-*** per kg (ex-mill) for exports. Export deals were carried out at around $*.** per kg (FOB). ** 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.