Fashion
PC prices surge amidst cotton cost hike; polyester yarn steadies
Polyester-cotton prices surged due to higher cotton costs, influenced by ICE cotton exceeding 100 US cents per pound.
Slow demand impacted polyester and viscose yarn prices.
Concerns over a new payment rule dampened market sentiment.
Cotton prices soared in north India, driven by ICE cotton’s rise, with active buying noted despite the hike.