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North India cotton yarn market faces slow demand, prices hold steady

29 Jul '24
4 min read
North India cotton yarn market faces slow demand, prices hold steady
North India cotton yarn market faces slow demand, prices hold steady

Insights

  • North India's cotton yarn market is experiencing slow demand and stable prices in Delhi, Ludhiana, and Panipat.
  • Limited buying from the downstream industry, concerns over imported fabric, and weak demand for recycled yarn are key issues.
  • Despite stable prices, traders report uncertainty and dependence on domestic buying.
  • Cotton prices rose slightly.

In Delhi, cotton yarn prices were stable due to average demand. There was no improvement in demand from the fabric and garment industry. A trader from the Delhi market told Fibre2Fashion, "Export orders are not very encouraging for spinning mills. They are more dependent on domestic buying. A US Fed rate cut may only be possible in September. The entire value chain is facing uncertainty regarding consumer buying.”

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

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