India Suspends Cotton Import Duty
India recently rescinded its 10% import duty on cotton until Sept. 30 to support the textile sector, the USDA Foreign Agricultural Service said in an April 15 report. Indian supplies are more expensive than certain textile goods from foreign competitors,…
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the agency said, prompting the country to rescind the import tax until the end of the Indian cotton marketing year. The U.S., Egypt and Israel are “major suppliers of “Extra Long Staple (ELS) cotton” to India.