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Payment crisis dents cotton yarn demand in north India, prices stable

In Ludhiana, cotton yarn prices were steady. The ongoing payment crisis is reducing the buying capacity of the consumer industry. A trader from Ludhiana told Fibre*Fashion, “The textile value chain is burdened with huge stocks, as the festival season has not absorbed large quantities of raw material. These stocks have blocked working capital, further reducing mills’ buying capacity.”

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.