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North India cotton yarn demand weak; QCO impact yet to be seen

Delhi’s cotton yarn market continued to struggle with weak demand and persistent payment issues. Spinning mills were looking to raise yarn prices in anticipation of better summer-season demand, but buyers were not offering the required support. A Delhi-based trader told Fibre*Fashion, “Buyers remained silent on bulk purchases. They are buying only small quantities. The payment crisis is also denting buying interest. Funds are being diverted to more lucrative markets like equity. The payment crisis is affecting the buying capacity of the consumer industry.”

In Delhi, ** count combed knitting yarn was traded at &#****;***-*** (~$*.**-*.**) per kg (GST extra), ** counts combed at &#****;***-*** (~$*.**-*.**) per kg, ** count carded at &#****;***-*** (~$*.**-*.**) per kg, and ** count carded at &#****;***-*** (~$*.**-*.**) per kg today.