Fashion
Payment stress caps domestic cotton yarn buying in north India
In the Ludhiana market, cotton yarn prices were stable amid average local demand. Although spinning mills quoted higher prices, their selling rates could not be sustained due to slow demand. A Ludhiana-based trader told Fibre*Fashion, “Spinning mills are not under pressure to sell in the local market as they have already secured export orders. A weaker rupee against the US dollar is benefitting spinning mills in the export market. However, domestic demand is not supportive. Therefore, cotton yarn prices have found a balance between these deciding factors in the market.”
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.