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India's man-made yarn trade hit by weak demand, payment constraints

In Ludhiana, ** count PC combed yarn (**/**) traded at &#****;***-*** (~$*.**-*.**) per kg (GST inclusive); ** count PC carded yarn (**/**) at &#****;***-*** (~$*.**-*.**) per kg (GST inclusive); ** recycled polyester yarn at &#****;***-*** (~$*.**-*.**) per kg (GST extra); ** count virgin polyester spun at &#****;***-*** (~$*.**-*.**) per kg (GST inclusive); recycled polyester fibre (PET bottle fibre) at &#****;**-** (~$*.**-*.**) per kg and virgin polyester fibre at &#****;***.** (~$*.**) per kg.

The Surat market also witnessed steady polyester yarn prices. Speciality polyester yarn was traded at stable rates. Traders said GST changes cannot improve payment flow overnight. Retailers are still selling garments at previous prices as they hold stocks purchased under higher GST rates. Relief from GST cuts may not be visible immediately on smaller products like garments and textiles.