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North India cotton yarn demand, liquidity expected to rise post-Diwali

The Ludhiana market witnessed stability in cotton yarn prices after a slight easing earlier this week. Spinning mills did not reduce prices despite cheaper cotton. Cotton prices eased by *–* per cent over the past two weeks. A trader from Ludhiana told Fibre*Fashion, “Spinning mills preferred to keep cotton yarn prices unchanged. They expect export demand support in the coming week. Cheaper cotton will improve their competitiveness in global markets.”

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.