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North India cotton yarn may not see support until Diwali

07 Oct '24

5 min read

North India cotton yarn may not see support until Diwali

Insights

Cotton yarn prices in North India remained steady due to slow demand and increased cotton arrivals, with improvements expected only after Diwali.
Traders anticipate a boost in demand for the summer season.
Recycled polyester fibre prices have risen due to increased crude oil and PET bottle costs, while cotton prices eased amid higher arrivals.

Ludhiana market did not see active buying of cotton yarn, although consumer industries are buying in limited quantity. A trader from Ludhiana told Fibre2Fashion, “After beginning of Navratri, buyers are coming to the market. But they are buying in very limited quantities. They are cautious for buying ahead of cotton arrival. Summer season’s buying will come up after one month.”

In Ludhiana, ** count cotton combed yarn was sold at &#****;***-*** (approximately $*.**-*.**) per kg (inclusive of GST); ** and ** count combed yarn were traded at &#****;***-*** (approximately $*.**-*.**) per kg and &#****;***-*** (approximately $*.**-*.**) per kg, respectively; and carded yarn of ** count was noted at &#****;***-*** (approximately $*.**-*.**) per kg today, according to trade sources.