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Ludhiana cotton value increase pushes yarn price up

Recently Ludhiana cotton prices have gone up, pushing the cotton yarn price by ₹10-20 per kg. although the yarn demand in the knitwear hub of Ludhiana is on the downside due to the ongoing third COVID wave.

According to market sources, since the last mid-week, cotton prices continued to be steady in north Indian markets last day. But at the same time, the price increased by ₹800-1,000 per candy of 356 kg. As a result, in the whole north Indian market spinning mills have increased cotton yarn prices.

Figure: Ludhiana cotton prices have gone up, pushing the cotton yarn price by ₹10-20 per kg.

Suresh Gupta, a trader and patron of the Delhi Yarn Merchants Association told media that recent fresh restrictions amid the third wave of COVID are also disrupting market activities. Traders and downstream industries are facing problems in smooth functioning given worries over the spread of COVID-19.

In Ludhiana, cotton yarn of 20 and 30 counts in combed variability were priced higher by ₹20 at ₹355-365 per kg and ₹365-375 per kg respectively. While 30 counts carded yarn was ₹330-340 per kg.

According to a market monitor, In Delhi, 30 count of combed cotton yarn price was ₹370-380 per kg, 40 count combed ₹410-420 per kg, 30 count carded ₹350-360 per kg, and 40 count ₹380-390 per kg. 10 count weaving (O/E) yarn was ₹125-130 per kg, while 16 count weaving (O/E) was ₹165-170 per kg.

However, in the North Indian states, cotton prices remained stable on Monday amid less demand from the mills. And

Cotton prices in the global market, ZCE cotton yarn January 2022 priced lower by CNY 255 at CNY 27,730 per ton and May 2022 traded down by CNY 130 at CNY 28,525 per MT recently. Against weaker USD, ICE cotton priced higher on last Friday.

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