Cotton Subsidies
Cotton exports estimated to rise 27% to 2.8 mn bales in 2023-24 season: CAI
The Cotton Association of India (CAI) on Saturday estimated cotton exports to rise about 27 per cent to 28 lakh bales during 2023-24 crop year ending September. In 2022-23 crop season (October-September), cotton exports were at 22 lakh bales, CAI said. One bale is equal to 170 kilogram. "The demand for Indian cotton went up as the prices ruled 8-10 per cent lower than the international prices during December 2023 till March 2024. Our cotton is mainly exported to countries like Bangladesh, China and Vietnam," CAI President Atul Ganatra told PTI. Meanwhile, CAI pegged the cotton production for 2023-24 at 309.70 lakh bales, same as estimated in the previous month. The production is however expected to be lower than the previous season's 318.90 lakh bales. The total cotton supply till end of April 2024 is estimated at 315.86 lakh bales, which consists of pressing at 281.96 lakh bales, import of 5 lakh bales and the opening stock of 28.90 lakh bales. The estimated cotton consumption ti
 "Cotton exports estimated to rise 27% to 2.8 mn bales in 2023-24 season: CAI")
Budget 2022: Govt's subsidies to decline 39% to Rs 4,33,108 crore in FY22
The government's subsidies on food, fertilisers and petroleum are estimated to decline by 39% to Rs 4,33,108 crore in the current fiscal, according to the Budget document
 "Budget 2022: Govt's subsidies to decline 39% to Rs 4,33,108 crore in FY22")
India paid far more in cotton subsidies than WTO's prescribed 10%, says US
The US assessment of India's market price support for cotton said New Delhi was allowed to pay out up to 10 per cent of the value of production
 "India paid far more in cotton subsidies than WTO's prescribed 10%, says US")
