Holi restricts trade in northern India, cotton yarn prices rise in Ludhiana
Foreign news on March 6th, driven by aggressive sales strategies, the price of cotton yarn in Ludhiana, Punjab, India increased by 2 rupees per kilogram. However, due to the Holi festival to be celebrated in several states on March 7-8, transactions are restricted. Traders expect that the market will reassess demand and cotton yarn supply after the holidays. Trading was muted amid subdued buying and a festive atmosphere.
Although cotton yarn prices increased slightly in Ludhiana, transactions were restricted due to the festive atmosphere. A trader in Ludhiana said: “Spinning mills are actively selling the cotton yarn they produce, which has further pushed up the price. The price of cotton yarn has increased by 2 rupees per kilogram.”
In Ludhiana, 30 count combed yarn is sold at Rs 285-295 per kg (including GST). The price of 20-count and 25-count combed yarn is 275-285 and 280-290 rupees per kilogram. According to TexPro, 30-count carded yarn has stabilized at Rs 264-274 per kg.
In Delhi, festive atmosphere affected trade activities, with prices remaining stable due to limited buying from consumer and export markets. A trader in Delhi said: “Cotton yarn trading activities are limited, and buyers are not eager to trade. They will only be interested in purchasing after the festival.” In Delhi, the price of 30-count combed yarn is 285-290 rupees per kilogram (excluding Excise tax), 40-count combed yarn is 315-320 rupees per kilogram, 30-count roving yarn is 266-270 rupees per kilogram, and 40-count roving is 295-300 rupees per kilogram.
Panipat recycled yarn remains unchanged due to festive temperatures and slowdown in procurement. A trade source in Panipat said that cotton yarn trade is still fluctuating within a range due to poor procurement by spinning mills. The price of 10-count recycled PC yarn (grey) is 88-92 rupees per kilogram (excluding consumption tax), 10-count recycled PC yarn (black) is 60-65 rupees per kilogram, and 20-count recycled PC yarn (gray) is 105-110 rupees per kilogram. , 30 count recycled PC yarn (grey) 150-155 rupees per kilogram. The price of combed yarn is 155-160 rupees per kg and the recycled polyester fiber is 74-77 rupees per kg.
Cotton prices in northern India hovered near last week’s levels, with demand from spinning mills remaining stable. However, arrivals are also balanced to meet demand. Traders said the market will find direction after Holi. The price of cotton is 6300-6375 rupees per 37.2 kg in Punjab, 6300-6400 rupees in Haryana, 6525-6600 rupees in upper Rajasthan, and 60300-62300 rupees per 356 kg in lower Rajasthan.
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