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Cotton yarn steady in north India on India-US trade deal optimism

In Ludhiana, cotton yarn prices remained stable as demand failed to improve even after Diwali. A trader from the Ludhiana market told Fibre*Fashion, “Slow garment exports remain the main bearish factor for the cotton yarn market. Domestic summer garment demand has yet to pick up, which could drive cotton yarn consumption. The summer season is the major driver for local cotton yarn demand, and payment constraints continue to affect trade.”

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.