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Optimism persists in north Indian cotton yarn, prices up in Ludhiana

23 Nov '23
4 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • In India, cotton yarn prices increased by ₹*-* per kg in Ludhiana's market post-Diwali, fuelled by enhanced demand and optimism for future buying.
  • Delhi's market was stable, while Panipat saw a rise in cotton comber but no significant change in recycled yarn prices.
  • Experts predict a surge in garment exports due to depleting inventories in US and Europe.

*.*pt"> Cotton yarn prices in Ludhiana&#**;s market improved by &#****;*-* per kg due to enhanced demand following the Diwali break. Meanwhile, prices remained stable in Delhi&#**;s market. Traders anticipate improved buying in the near future. Experts believe that brands and retailers from the developed world will resume bulk purchasing as their inventories rapidly deplete. These entities had previously exercised caution in new acquisitions. In Panipat&#**;s market, cotton comber prices saw an increase. However, recycled yarn prices did not experience significant movement, with Panipat awaiting stronger buying interest. 

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