Textile
| Iran-Israel conflict impacts north India's cotton yarn; prices drop
Pic: Adobe Stock
Insights
- North India's cotton yarn market declined due to the ongoing Iran-Israel conflict, impacting global markets.
- In Ludhiana and Delhi, cotton yarn prices dropped by ₹2-4 per kg since Thursday.
- Buyers are cautious, delaying purchases amid geopolitical uncertainties, affecting garment and textile exports.
- ICE cotton price drop has also contributed to the decline.