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North Indian cotton yarn steady amid liquidity strain

In the Ludhiana market, cotton yarn prices remained unchanged amid weak demand. The market continued to face payment constraints, which are hurting cotton yarn consumption. A Ludhiana-based trader told Fibre*Fashion, “Cheaper fabric imports were already draining liquidity. Skyrocketing gold and silver prices are now attracting cash away from the cotton yarn market, as traders are diverting funds to precious metals for quick profits.” Sluggish summer demand has also resulted in limited yarn buying.

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.