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Cotton prices down 3% on import duty suspension, may slide more
India has suspended its 11% import duty on cotton until October. This move has immediately reversed the recent rally in cotton prices, with both bales and yarn seeing a drop. Industry insiders expect further price decreases in the coming days. This decision aims to ease prices, prevent hoarding, and boost the competitiveness of Indian textile exports.
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economictimes.indiatimes.com
Centre waives customs duty on cotton imports till October 30
Cotton imports will be duty-free from June 1 to October 30, 2026. This move by the Centre aims to increase cotton availability for India's textile industry. The exemption covers…
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thehindubusinessline.com
Centre waives cotton import duty till October 31 to support textile industry and exports
The Centre has removed cotton import duty until October 31, aiming to lower textile input costs, boost exports and ensure adequate cotton supply.
