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North India cotton yarn gains on export enquiry surge

In the Ludhiana market, cotton yarn prices increased by &#****;* per kg as spinning mills raised selling prices. The market witnessed stronger trade enquiries from the consumer industry. A Ludhiana-based trader told Fibre*Fashion, “After the removal of the ** per cent additional US tariff, Indian exporters have received their first major boost to compete in the US market. With the withdrawal of the additional duty and the possibility of a reduction in the reciprocal tariff from ** per cent to ** per cent, exporters may see higher order inflows from US buyers. The upstream industry intends to ramp up production to meet raw material demand from the garment sector.”

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.