The Delhi market witnessed further declined of ****;* per kg across various cotton yarn counts and varieties after drop in late last week. The market is facing headwind due to selling pressure amid slow demand. A trader from Delhi market told Fibre*Fashion, “Cotton yarn prices are facing pressure from internal as well as from external markets. Spinning mills will be more dependent on domestic market after slow export demand. Falling ICE cotton is making Indian cotton and yarn less attractive in the global market. Domestic demand from consumer industry yet to pick up from lower level.”
In Delhi, ** count combed knitting yarn was traded at ****;***–***(~$*.**–*.**) per kg (GST extra), ** count combed at ****;***–*** (~$*.**–*.**) per kg, ** count carded at ****;***–*** (~$*.**–*.**) per kg, and ** count carded at ****;***–*** (~$*.**–*.**) per kg today, according to market sources.
