| 

North India cotton yarn market awaits fiscal turnaround; prices steady

Cotton yarn prices were steady in the Ludhiana market. Demand was weak as buyers were not interested in taking on any liability in the current fiscal due to the implications of the new payment rule. Gulshan Jain, a trader from the Ludhiana market, told Fibre2Fashion, "Buyers are expected to remain inactive until March **. The market will take some time to react to the minimum import price imposed on imported synthetic knitted fabric. There were apprehensions about the diversion of synthetic knitted fabric into the HS codes, on which no MIP is imposed."

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; and carded yarn of ** count was noted at &#****;***-*** (approximately $*.**-*.**) per kg today, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro.