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Cotton yarn stable in India; Red Sea crisis dampens export prospects

*.*pt"> Cotton yarn prices have remained steady amidst average demand in the north Indian market. Traders noted that market sentiments were also affected by the Red Sea crisis, as a significant increase in freight charges diminished the prospects of cotton yarn exports. Neither exporters nor importers were willing to absorb the sudden increase in freight charges. Consequently, export demand is not expected to rise soon. 

*.*pt"> In Ludhiana and Delhi markets, cotton yarn prices have been hovering close to previous levels. After experiencing gains earlier in the week, recycled yarn prices stabilised in the Panipat market. Traders and spinning mills are currently assessing the situation to strategise their marketing policies.