Foreign news on May 12, traders said that cotton yarn prices in northern India have further increased as cotton prices in Rajasthan exceeded the key psychological price of 100,000 rupees/candy (1candy is equivalent to at 356 kg).
In Ludhiana and Delhi, cotton yarn prices increased by 5-10 rupees/kg.
Analysts said that as cotton prices rise, cotton mills need to pass on rising costs to downstream consumers.
Local traders said that the demand for cotton yarn is still roughly flat, because after the price rise, consumers are buying now.
In Ludhiana, 30S cotton yarn is quoted at 430-445 rupees per kilogram (including consumption tax), 20S and 25S cotton yarn is quoted at 400-415 rupees and 425-425 per kilogram. 430 rupees.
In the Delhi market, rising cotton yarn prices have led to a slowdown in downstream demand, trade sources said.
Traders said that textile manufacturers can no longer fully pass on the entire cost of rising cotton yarn prices to their customers.
