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North Indian cotton yarn weakens further, prices down in Delhi

Cotton yarn prices reached further lower levels in the Delhi market, declining by &#****;* per kg due to weak demand and selling pressure for liquidity management. The market had already seen a fall of &#****;* per kg in cotton yarn prices at the beginning of the current week. A trader from Delhi told Fibre2Fashion, “There was pressure on stockists and mills to offer lower prices as they were trying to increase their liquidity levels before Diwali. Mills need more liquidity before the festival, which forced them to offer lower prices. Stockists and traders were also trying to sell their stock.”

In Delhi, ** 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.