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MMF yarn prices slump in India as QCO withdrawal shifts dynamics

In Ludhiana, polyester spun yarn, recycled polyester yarn, virgin polyester fibre and recycled polyester fibre eased by &#****;*–* per kg. However, polyester-cotton yarn prices did not show any major decline after the policy change. A Ludhiana-based trader told Fibre*Fashion, “QCO has become history, at least for the next few years. It will be beneficial for the domestic textile and garment industry as cheaper raw materials will enhance global competitiveness. However, demand has temporarily dried up as an immediate reaction. Buyers are cautious about fresh purchasing amid price uncertainty.”

In Ludhiana, ** count PC combed yarn (**/**) traded at &#****;***-*** (~$*.**-*.**) per kg (GST inclusive); ** count PC carded yarn (**/**) at &#****;***-*** (~$*.**-*.**) per kg (GST inclusive); ** recycled polyester yarn at &#****;***-*** (~$*.**-*.**) per kg (GST extra); ** count virgin polyester spun at &#****;***-*** (~$*.**-*.**) per kg (GST inclusive); recycled polyester fibre (PET bottle fibre) at &#****;**-** (~$*.**-*.**) per kg and virgin polyester fibre at &#****;**.** (~$*.**) per kg.