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North India cotton yarn prices drop amid export setbacks to Bangladesh

Furthermore, demand in the north Indian cotton yarn market has been slow due to a delayed summer demand. In Panipat, recycled polyester fibre prices have eased following a recent steep rise by producers, which discouraged purchases amidst slow demand for home textiles. Traders noted that while recycled yarn prices remained relatively stable, demand has further weakened as raw material trade has slowed down in the Diwali period.

Cotton yarn prices declined by &#****;* per kg in Delhi. Demand for cotton yarn has been waning in the lead-up to the festival period, with mills and stockists looking to liquidate their stocks. A trader from Delhi told Fibre2Fashion, “The next fortnight will not see noticeable trade of cotton yarn as downstream industry gets busy in dispatches of their products and payment collection during the festival week. We have to wait for buying to improve by the end of the first week of the next month. Bangladesh issue is another dampening factor for cotton yarn trade.”