Meanwhile, India’s home textile hub, Panipat, has seen an increase in the prices of finer yarn counts, driven by festival demand. Higher cotton prices have also pushed up the cost of comber in the market. Additionally, recycled polyester fibre prices have risen due to a shortage of PET bottle fibre.
In the Delhi market, cotton yarn prices remained stable amid limited buying activity. Market sentiment was weak as mills struggle to find buyers this festival season. A Delhi trader noted, “Spinning mills are relying more on domestic buyers since they are not receiving sufficient export orders. The recent rise in cotton prices has not supported gains in cotton yarn prices.”
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