Ludhiana market did not notice significant movement in cotton yarn prices. The market is still facing slow demand despite ease of labour shortage. But the latest development between the US and Iran may spur textile and apparel trade and manufacturing activities. A trader from Ludhiana market told Fibre*Fashion, “The market is yet to acknowledge and react on the proposed ceasefire deal between the two nations. Currently, Ludhiana market continued to see slow demand from downstream industry. But the geopolitical development may improve ambience for textile and apparel trade and production activities.”
In Ludhiana, ** count cotton combed yarn was sold at ****;***–*** (~$*.**–*.**) per kg (inclusive of GST); ** and ** count combed yarn were traded at ****;***–*** (~$*.**–*.**) per kg and ****;***–*** (~$*.**–*.**) per kg, respectively; and carded yarn of ** count was noted at ****;***–*** (~$*.**–*.**) per kg today, according to trade sources.
