Cotton yarn prices in northern India have maintained stability as the fiscal year approaches its end, with markets in Ludhiana, Delhi, and Panipat seeing little fluctuation. The demand for cotton yarn has been consistent, despite a general slowdown in activity. This steadiness comes at a time when many traders are hopeful for an increase in business as the new fiscal year begins in April, which may help alleviate delays in payments that have affected the market in recent months.
The price of cotton, on the other hand, has been on a decline due to reduced buying sentiment. This decline is largely attributed to the stockpile of cotton held by the Cotton Corporation of India (CCI), which continues to impact market prices.
The surplus in stock has created pressure on the market, leading to cautious purchasing decisions by traders and manufacturers. However, the market expects a possible turnaround with the arrival of the summer season, as demand for cotton yarn traditionally increases during this time.
Recycled yarn markets have also shown stability, with prices holding steady in line with cotton yarn. This consistency in recycled yarn pricing reflects the broader market trends, where the demand for eco-friendly and cost-effective alternatives has remained constant.
Overall, the cotton yarn market in northern India is navigating through a period of cautious optimism.
Traders anticipate that the end of the fiscal year and the upcoming seasonal demand could stimulate the market, leading to better cash flow and reduced payment delays. As the industry prepares for the new fiscal year, industry stakeholders are watching the cotton yarn market closely for signs of recovery and growth.
