India set for record cotton buying as imports, US tariffs hit prices https://www.business-standard.com/industry/news/india-set-for-record-cotton-buying-as-imports-us-tariffs-hit-prices-125090200811_1.html Sept 2
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.. domestic prices face pressure from cheaper imports and weakening demand following hefty U.S. tariffs on textile exports.. Cotton consumption in the world's second-largest producer has slowed, with exporters reporting a sharp decline in orders from the United States, which accounts for nearly 29% of India's $38 billion in annual textile exports.
Prices are expected to come under pressure from next month due to rising supplies from the new season's crop and the arrival of cheaper imported cotton. Last week, India extended an import duty exemption on cotton by three months, until the end of December. sharp decline in orders of Textile from the United States..
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.
Why India needs an agricultural policy https://www.tribuneindia.com/news/comment/cotton-import-duty-why-india-needs-an-agricultural-policy/ The NITI Aayog has stated that 60 crore people are surplus in the agricultural sector. Where would they go? Because agricultural import would import unemployment. Cooperative sugar mills in Punjab’s Faridkot, Jagraon, Zira, Sheron, Rakhra, Budhladha have been closed, leaving over 8,000 people jobless. On the other hand, $1.27 billion worth of sugar was imported from Brazil in 2023. A policy that is advantageous to the farmers, not corporate giants, is needed. Agricultural research must be oriented towards our needs. Exclude corporates from agricultural research, agro-based
industry and agri-market.
Imported cotton preferred over domestic over better quality and price competition https://timesofindia.indiatimes.com/city/nagpur/imported-cotton-preferred-over-domesticover-better-quality-and-price-competition/articleshow/123643041.cms
Centre's free imports to subdue cotton prices leave Maharashtra gin owners in dire straits https://indianexpress.com/article/cities/pune/centre-free-imports-cotton-prices-maharashtra-gin-owners-dire-straits-10225685/
Rollback decision to defer 11% import duty on cotton: SKM warns Centre of pan-India stir https://indianexpress.com/article/cities/chandigarh/rollback-decision-to-defer-11-import-duty-on-cotton-skm-warns-centre-of-pan-india-stir-10212158/
Bhartiya Kisan Sangh Urges Centre To Roll Back Cotton Import Duty Exemption https://www.businessworld.in/article/bks-urges-centre-to-roll-back-cotton-import-duty-exemption-569343