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North India cotton yarn steady; home textiles demand remains weak

In Ludhiana, prices held steady at previous levels. Local demand from the consuming industry was average, but confidence among spinning mills has improved due to new export orders from China. A Ludhiana-based trader told Fibre*Fashion, “Spinning mills expect that lower cotton prices will enhance the viability of Indian cotton yarn. If Indian garment orders from the US are diverted to other countries, they will need more cotton fabric and yarn.”

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.