Foreign news on January 5, cotton prices in northern India fell on Thursday. Cotton prices fell by Rs 25-50 per morund (37.2 kg) due to weak demand. According to local traders, cotton arrivals in northern India increased to 12,000 bales (170 kg each). Cotton is traded at Rs 6,150-6,275 per morind in Punjab, 6,150-6,300 rupees per morind in Haryana, 6,350-6,425 rupees per morind in upper Rajasthan, and 60,500-60,500-rupees per kandi (356 kg) in lower Rajasthan. 62500 rupees.
Northern India Cotton Yarn
As new export orders continue to flow Imports, cotton yarn trading activities in northern India improved. However, cotton yarn prices in Ludhiana fell by Rs 3 per kg due to price parity. Traders said that after cotton prices fell, cotton mills tried to attract buyers by cutting prices. The export demand for cotton yarn has increased.
Cotton yarn prices fell in Ludhiana as textile mills offered better offers to potential buyers. Demand is high due to new export orders received from China, Bangladesh and other countries. As cotton prices fell, textile mills also lowered cotton yarn prices. “Demand is at normal levels but improved compared to previous weeks,” said Ludhiana trader GulshasdfssdfsnJasdfssdfsin. In Ludhiana, 30 Combed cotton yarn is sold at Rs 275-285 per kg (including GST). 20 and 25 count combed cotton yarn 265-275 and 270-280 rupees per kg. According to Fibre2Fasdfssdfsshion’s market insight tool TexPro, the price of 30-count carded cotton yarn is stable at 250-260 rupees per kilogram.
The price of cotton yarn in Delhi remains stable and buying demand is normal. Due to weak demand from downstream industries, trading activities are restricted. A trader in Delhi said that new export orders for cotton yarn have improved market sentiment, but the garment industry has not improved. Global and local demand remains weak. Therefore, demand in downstream industries has not picked up.
In Delhi, the price of 30-count combed cotton yarn is 280-285 rupees per kg (excluding GST), 40-count combed cotton yarn is 305-310 rupees per kg, 30-count Carded cotton yarn costs 255-260 rupees per kilogram and 40 count carded cotton yarn costs 280-285 rupees per kilogram.
Panipat recycled yarn demand continues to be sluggish but prices remain stable. Traders expect combed cotton supplies to increase as spinners are expected to increase output following fresh export orders. Combed cotton prices have not fallen even during the arrival season, which is a major problem for the home furnishing industry in Panipat. </p
