Foreign news on March 13, cotton prices in northern India rebounded on Monday after falling last Friday and Saturday. After ICE cotton futures plunged last Friday, Indian cotton prices fell 3-4% on Saturday. However, due to bargain hunting, domestic cotton prices rebounded by about 1-2%. Cotton arrivals from northern India are estimated at 16,500 bales (170 kg each). Cotton is sold at Rs 6,100-6,200 per morund (37.2 kg) in Punjab, Rs 6,100-6,200 per morind (37.2 kg) in Haryana, 6,300-6,400 rupees per morind (37.2 kg) in Upper Rajasthan, and Rs 6,300-6,400 per morind (356 kg) in Lower Rajasthan. kg) 59000-61000 rupees.
Cotton yarn prices in Ludhiana, northern India, continued to fall on Monday after falling in the second half of last week. Cotton yarn prices remained steady in Delhi. Traders said the recent fall in cotton prices has increased the prospect of a fall in yarn prices. This makes buyers reluctant to purchase new products.
Cotton yarn prices in Ludhiana fell by Rs 2-3 per kg. A sharp fall in Indian and global cotton prices last week has prompted a similar trend in cotton yarn in Ludhiana. A trader in Ludhiana said: “As cotton prices fell, cotton yarn prices fell accordingly. Buyers are not interested in buying because they are more willing to follow the wait-and-see policy.”
30 count combed cotton yarn in Ludhiana is priced at Rs 282-292 per kg (including GST). 20-count and 25-count combed cotton yarns are trading at Rs 272-282 and Rs 277-287 per kg. The price of 30-count carded cotton yarn is 262-272 rupees per kilogram.
Cotton yarn prices remained stable in Delhi due to slow buying. Buyer response was muted and transaction activity was limited. A trader in Delhi said: “Yarn buyers are cautious after the fall in cotton prices. They want to stay on the sidelines as there is enough stock to meet the demand for a few days. The price of 30-count combed cotton yarn is 285-290 rupees per kg ( Excluding GST), 40-count combed cotton yarn is 315-320 rupees per kilogram, 30-count carded cotton yarn is 266-270 rupees per kilogram, 40-count carded cotton yarn is 295-300 rupees per kilogram.
Demand for recycled yarn is weak in Panipat. Recycled yarn is sold at previous prices. Demand is not expected to improve in the short term, a trade source in Panipat said. Recycled yarn prices are hovering at previous levels .
