India to Extend Duty Free Cotton Imports
India is expected to extend duty-free cotton imports through December to lower costs for textile mills and curb domestic prices. The move follows lower crop prospects caused by patchy monsoon rains. Trade estimates indicate domestic output will fall below demand.
India plans to extend duty-free cotton imports through December, lowering production costs for textile mills and boosting shipments from the United States, Brazil, and Australia. The potential extension follows an initial five-month tariff waiver introduced to stabilize supplies during the lean season. Domestic rates have remained firm this year due to lower output projections.