North India’s cotton yarn market maintained steady price levels this week even as domestic demand remained weak, prompting many spinning mills to increasingly focus on export orders to sustain operations.
Despite rising raw cotton costs and tight liquidity in local markets such as Ludhiana and Panipat, yarn rates held firm as mills managed to secure better pricing and contracts overseas — particularly driven by a weaker Indian rupee, which has boosted competitiveness in global markets.
A Ludhiana market trader noted that while local consumption from the home textiles and garment sectors remains subdued, overseas buyers are offering more attractive terms, encouraging mills to shift production focus toward exports.
Market sources also highlighted ongoing payment flow constraints in the domestic trade, limiting fresh purchasing from local buyers and contributing to the steadiness of current prices as mills await stronger international demand.