Cotton yarn prices in Northern India remain steady as new orders slow down. Traders from Delhi and Ludhiana report that there is little support from the consumer industry and export market. Spinning mills and traders are waiting for market conditions to improve so they can raise yarn prices and protect their margins. Despite the current market conditions, there is optimism that buying will pick up after mid-July.
Meanwhile, the prices of recycled yarn have fallen by Rs. 3-5 per kg due to sluggish demand. Cotton comber prices have also seen a slight decrease.