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Iran-Israel conflict impacts north India's cotton yarn; prices drop

15 Apr '24
4 min read
Iran-Israel conflict impacts north India
Pic: Adobe Stock

Insights

  • North India's cotton yarn market declined due to the ongoing Iran-Israel conflict, impacting global markets.
  • In Ludhiana and Delhi, cotton yarn prices dropped by ₹2-4 per kg since Thursday.
  • Buyers are cautious, delaying purchases amid geopolitical uncertainties, affecting garment and textile exports.
  • ICE cotton price drop has also contributed to the decline.

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