India extends cotton import duty waiver until Dec 31
New Delhi has extended the India cotton import duty exemption until end-December, seeking to ease firm domestic prices and lower costs for textile mills.
India has extended duty-free cotton imports by two months through the end of December.
An 11% import duty on cotton was waived from 1 June to 31 October to lift lean-season supply.
Domestic prices have stayed firm despite the usual October harvest easing, after patchy monsoon rains raised production concerns.
Textile mills sought the longer window; cheaper imports may also lift shipments from the US, Brazil and Australia.