Foreign news on January 4th: As demand improved on Wednesday, cotton prices in northern India rose, with an increase of 25-50 rupees per morund (37.2 kg). According to local traders, cotton arrivals have not improved and are expected to be 11,000 bales (170 kg each). Cotton is trading at Rs 6,150-6,300 in Punjab, Rs 6,150-6,300 in Haryana, and Rs 6,350-6,425 in Upper Rajasthan. Cotton in lower Rajasthan is sold at Rs 60,500-62,000 per kandhi (356 kg).
Polyester yarn in northern India
Due to tight supply and raw material prices Prices of polyester yarn in India improved as buying orders increased.
According to trade sources, improved yarn buying has pushed up polyester fiber and yarn prices. Market sentiment improved after the industry received more export orders. Ashok Singh, a trader from Ludhiana, said, “As raw material prices rise, factories increase prices, and polyester core-spun yarn prices rise. Tight supply has also improved market sentiment.”</p
