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North India cotton yarn trade steady, awaits US deal breakthrough

Ludhiana market saw limited buying interest for cotton yarn, with prices holding near previous levels. Local demand from the consuming industry was weak, but export prospects offered a much-needed cushion for spinning mills. A Ludhiana-based trader told Fibre*Fashion, “Spinning mills are trying to survive on export prospects. Higher availability of cotton has allowed mills to remain competitive globally. However, sustainable recovery is possible only after progress on the India-US trade deal, from which the market has high expectations.”

In Ludhiana, ** count cotton combed yarn was sold at &#****;***-*** (~$*.**-*.**) per kg (inclusive of GST); ** and ** count combed yarn were traded at &#****;***-*** (~$*.**-*.**) per kg and &#****;***-*** (~$*.**-*.**) per kg, respectively; and carded yarn of ** count was noted at &#****;***-*** (~$*.**-*.**) per kg today, according to trade sources.