North India’s 30/1 combed yarn jumped from ₹338/kg to ₹348/kg in a single day (May 4) and held there—this is a new base price, not a short-term price spike.
Bangladesh, which buys 49.22 per cent of India’s yarn exports, is running its mills at roughly half capacity because the country’s gas company (Petrobangla) lost 40 of its 115 LNG shipments.