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North India cotton yarn sees thin trade, market nervous

Trading activity slowed due to the Holi festival. Panipat’s recycled yarn market also witnessed steady prices and thin trade, as buyers were more inclined toward festive celebrations.

In the Ludhiana market, cotton yarn trade was limited ahead of Holi festival. Although, there was unease among traders due to major disruption due to the conflict in the Gulf. A Ludhiana-based trader told Fibre*Fashion, “Cotton yarn prices remained stable as trading activity was very thin due to the festive slowdown. The market is likely to take direction from further geopolitical developments. Exports of cotton yarn and other textiles and apparel may face delays, which could affect overall yarn consumption.” However, the disruption has pushed up the polyester value chain following a sudden spike in crude oil prices.