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North India cotton yarn prices drop amid export setbacks to Bangladesh

21 Oct '24
4 min read
North India cotton yarn prices drop amid export setbacks to Bangladesh
Pic: Adobe Stock

Insights

  • Cotton yarn prices in Delhi and Ludhiana have dropped by ₹* per kg due to weak demand and payment issues with Bangladeshi banks.
  • Exporters are hesitant due to unreliable Letters of Credit.
  • Recycled polyester fibre prices in Panipat also eased amidst slow demand for home textiles.
  • Cotton arrivals in north India have risen, but market sentiment remains low due to high supply and reduced demand.

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