Cotton Subsidy

Centre positive on increasing support prices of soybean, cotton: Ajit Pawar

The deputy CM was speaking at a meeting with farmer representatives in Mantralaya (state secretariat) in south Mumbai

US cotton industry seeks removal of 11% import duty on short staple cotton

The US industry body Cotton Council International on Tuesday asked the government to remove 11 per cent import duty on short staple cotton, in a bid to bring down its prices for the benefit of the Indian textile industry. In February, the government had removed the import duty of 10 per cent for cotton with a staple length above 32 millimeters (mm), also known as Extra Long Staple (ELS) cotton. However, the import duty of 11 per cent on imported cotton below staple length of 32 mm remains in effect. On February 1, 2021, the government announced an 11 per cent duty on imported cotton, effective February 2, 2021. The duty comprised of five per cent basic customs duty, five per cent tax, and one per cent social welfare charge. "As US Cotton industry we are here to have a conversation with our partners and to get a better understanding of the challenges and how we can help facilitate a positive change. One of the issues that is a challenge to us is the import duty of about 11 per cent

CAI estimates cotton pressing at 29.41 mn bales for 2023-24 season

The Cotton Association of India (CAI) on Saturday lowered cotton pressing estimates for the 2023-24 marketing season, beginning from October 1, at 294.10 lakh bales due to crop damage following pink bollworm infestation and uprooting of cotton plants by farmers in Haryana. In Haryana, CAI estimated the cotton pressing to be at 15 lakh bales in 2023-24, compared to 11 lakh bales in the last season, CAI said in a statement. In 2021-22, the total cotton pressing stood at 318.90 lakh bales, the statement said. The total supply is estimated at 54.74 lakh bales for October, which consists of the arrivals of 24.34 lakh bales, imports of 1.50 lakh bales and the opening stock estimated by the CAI at 28.90 lakh bales at the beginning of the season. Further, the CAI has estimated cotton consumption at 26 lakh bales, while the export shipments up to October 31 are estimated at 1 lakh bales. Stock at the end of October is estimated at 27.74 lakh bales, including 25 lakh bales with textile mill

Cotton farmers to rally in Maha to demand subsidy of Rs 5,000 per quintal

Cotton farmers will take out a rally in Yavatmal district of Maharashtra on May 18 to demand a subsidy of Rs 5,000 per quintal and financial assistance for the crop growers who suffered losses due to "excessive" rains, a farm activist said on Monday. In a press release, farm activist Kishore Tiwari said that cotton has been cultivated in record 10.2 million hectares this year as the price of the key textile component had touched Rs 14,000 a quintal last year. However, prices dropped to Rs 7,500 per quintal which has forced many debt-trapped cotton farmers to end their lives, he said. This year, 40 per cent of cotton crops got damaged due to "excessive" rains, he said. Tiwari claimed that 3,300 cotton farmers committed suicide in Maharashtra this season. To call the attention of the central and state governments, a protest rally of cotton farmers is being organised on May 18 in Pandharkawada (Yavatmal) which is an epicentre of farmer suicides, where unsold cotton will be put on fir

Cotton yarn spinners may face 200-400bps margin squeeze: CRISIL Report

The report further explained that the dynamics of the spread between international and domestic prices of cotton also affects profitability

India rejects US charge of subsidising cotton beyond WTO spending limits

India has also rejected Australia's claim that India's market price support for sugarcane is in excess of its WTO spending limits