India: Cotton and Products Update

  |   Attaché Report (GAIN)

On February 1, the Government of India announced the imposition of a ten percent duty on imported cotton. The country’s textile sector is concerned that the new tariffs will hurt its position in global textile markets by making its value-added products less competitive. Post estimates cotton production at 28.9 million 480-lb. bales in marketing year (MY) 2020/21 on an area of 13.3 million hectares. The Cotton Corporation of India (CCI) has purchased 25 percent of the entire current crop under the minimum support price (MSP) program and remains active. Indian fiber and yarn prices remain higher than MSP levels as export demand remains strong, but domestic consumption remains sluggish.

India: Cotton and Products Update

Related Reports

Attaché Report (GAIN)

United Kingdom: Labeling Requirement Update 2022

Following the United Kingdom’s departure from the European Union, U.S. food exports are now required to follow new UK labeling requirements. Additionally, exporters should consider current labeling trends followed by UK manufacturers and private...
Attaché Report (GAIN)

Australia: Stone Fruit Annual

Stone fruit production in Australia is forecast to increase in marketing year (MY) 2022/23, following a MY 2021/22 season that was impacted by a shortage of labor supply at harvest, export freight logistical challenges borne about by the COVID-19...
Attaché Report (GAIN)

Ukraine: FAIRS Export Certificate Report Annual

There were no new bilateral certificates negotiated during the period from the second half of 2021 through the first half of 2022. The Export Certificate Matrix was updated to include only bilaterally negotiated certificates. In 2020, Ukraine...