Foreign news reported on July 17 that the demand for cotton yarn in northern India has not improved, although buying in the south has increased. Cotton yarn prices fell further by Rs 2/kg in Ludhiana and prices in Delhi remained stable amid subdued demand. According to trade sources, market sentiment has not improved even as the new week begins as the market awaits stronger demand from the textile industry.
Cotton yarn prices in Ludhiana fell by Rs 2/kg. A local trader said: “The textile industry remains calm. Fabric manufacturers purchase cotton yarn entirely to meet current needs. Only after the spinning mills in southern India cease production can the actual supply and demand situation be assessed.”
30 count combed yarn price is 253-263 rupees per kilogram (including GST), 20 count and 25 count combed yarn price is 242-247 rupees and 247-252 rupees per kilogram, 30 count thick Carded yarn is 232-242 rupees per kilogram.
Cotton yarn prices held steady in Delhi as sluggish buying in the textile industry triggered bearish sentiment. A Delhi-based businessman said: “The market is not responding to the upcoming festival-related trade activities. The festival season may be delayed by about a month, which will contribute to the bearish trend. However, festival demand is expected to emerge.”
30 count combed yarn is trading at 260-262 rupees per kg (excluding GST), 40 count combed yarn is 290-292 rupees per kg, 30 count carded yarn is 232-232 per kg 235 rupees, 40 count carded yarn 262-265 rupees per kilogram.
Cotton is traded at Rs 5,850-5,950 per morund (37.2 kg) in Punjab, 5,625-5,725 rupees per morind (37.2 kg) in Haryana, and Rs 5,625-5,725 per morind in Upper Rajasthan. 5925-6025 rupees per moind and 54500-56000 rupees per kandi (356 kg) in lower Rajasthan.
