Cotton Imports

Energy, mobility, industrial solutions: Greaves Cotton's 3 growth pillars

Greaves.Next. Parag Satpute, managing director and group chief executive officer of Greaves Cotton, discusses the road map and the company's focus areas

Cotton imports to hit record 4.5 mn bales following duty waiver, low crop

Higher imports by the world's second-largest cotton producer are expected to support global prices, which are trading near six-month lows

India set for record cotton buying as imports, US tariffs hit prices

India has raised the price at which it will buy new-season cotton from domestic farmers by 7.8% to 8,110 rupees per 100 kg, but local market prices are hovering around 7,000 rupees

Textiles seek more incentives as govt extends duty-free cotton imports

Tamil Nadu urges higher export incentives and faster EU trade deal as duty-free cotton imports extended till Dec 31, while farmers complain of falling domestic cotton prices due to cheap US supplies

Govt extends duty-free cotton imports till Dec 31 to aid textile exporters

The Finance Ministry has extended duty exemption on cotton till December 2025 to ease raw material supply, support garment exporters and cushion the impact of US tariffs on RMG

Centre extends cotton import duty exemption amid US tariff pressure

The world's second-biggest cotton producer had earlier announced an exemption on cotton imports from an 11 per cent duty until September-end and has now extended that to December 31

India's cotton imports to double as output falls short, says trade body

Higher imports by world's second-largest producer of the fibre could support global prices, which fell to their lowest in more than 4 years after top consumer China levied duties on imports from US

US cotton industry seeks removal of 11% import duty on short staple cotton

The US industry body Cotton Council International on Tuesday asked the government to remove 11 per cent import duty on short staple cotton, in a bid to bring down its prices for the benefit of the Indian textile industry. In February, the government had removed the import duty of 10 per cent for cotton with a staple length above 32 millimeters (mm), also known as Extra Long Staple (ELS) cotton. However, the import duty of 11 per cent on imported cotton below staple length of 32 mm remains in effect. On February 1, 2021, the government announced an 11 per cent duty on imported cotton, effective February 2, 2021. The duty comprised of five per cent basic customs duty, five per cent tax, and one per cent social welfare charge. "As US Cotton industry we are here to have a conversation with our partners and to get a better understanding of the challenges and how we can help facilitate a positive change. One of the issues that is a challenge to us is the import duty of about 11 per cent

India extends policy to import refined palm oil at lower duty of 13.75%

The duty cut made refined palm oil imports lucrative for Indian refiners, which traditionally prefer to import crude palm oil

Demand crunch: Textile sector bats for stimulus, cotton import duty removal

There is a shortage of demand for textile goods globally due to the Ukraine-Russia war

No decision yet on ban lifting on cotton import from India: Pakistan FM

Pakistan's Finance Minister Miftah Ismail on Wednesday said that the country's textile sector had demanded lifting of a ban on the import of cotton from India, but the government has so far not taken any decision on the issue. Addressing a press conference along with Defence Minister Khawaja Asif here, Ismail talked about the damage caused to the cotton crop due to devastating floods that have affected more than 33 million people, inundated a third of the country and caused losses of more than USD 10 billion. Replying to a question with respect to trade with India, the minister said that the All Pakistan Textile Mills Association (APTMA) was asking the federal government to allow import of cotton from India. "The government has not taken any decision yet," he said, without elaborating when such a decision could be taken. Pakistan suspended trade with India after the latter revoked the special status of Jammu and Kashmir in August 2019. But the ban is hurting the crisis-hit country

Rains, pests force world's top cotton producer India to import supplies

This confluence of extreme weather events brought on by climate change has sent cotton prices soaring by as much as 30%

FinMin extends duty exemption on raw cotton imports till October 31

The finance ministry has extended the exemption of customs duty on raw cotton imports by a month till October 31. On April 14, the ministry had given exemption from the duty and Agriculture Infrastructure Development Cess (AIDC) till September 30, 2022, for import of cotton to lower prices in the domestic market. In a notification dated July 4, the ministry extended this till October 31, 2022. Amid rise in cotton and yarn prices, the textiles ministry had been pitching for an extension of the duty waiver beyond September. Industry too had been demanding extension of the duty-free import of cotton. Before April 14, raw cotton imports attracted 5 per cent Basic Customs Duty (BCD) and an equal percentage of AIDC. The exemption from duty would benefit the textile chain -- yarn, fabric, garments and made-ups -- and provide relief to consumers. Cotton prices have increased from Rs 44,500 per candy in February, 2021, to Rs 90,000 per candy in March 2022. Each candy weights 356 kilogram.

Duty waiver will ease supplies, may not help cotton prices: Industry

Group representing farmers protests government dropping customs duty on imports, calls it disastrous

FinMin waives customs duty on cotton imports till September 30

Currently, cotton imports attract 5 per cent Basic Customs Duty (BCD) and 5 per cent Agriculture Infrastructure Development Cess (AIDC)

India's cotton output set to jump 14%, exports to remain steady: Trade body

India saw its highest monsoon rainfall in 25 years during the June-September season and rains even continued in October and November.

Cotton import may rise 80% this year due to drought in major growing states

Quality of output is another nagging issue, as the raw cotton produced this year cannot be used by spinning mills

Cotton imports to surge by 80% as output hits 9-year low: Report

The country could import 2.7 million bales in 2018/19 marketing year ending on September 30, up from 1.5 million bales a year ago, he said.

Pakistan's senate wants ban on Indian cotton imports

Punjab has already asked the federal government to announce the intervention price.