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

In January 2024, the Israeli Ministry of Health’s National Food Services found that cultivated beef is “safe for human consumption.”
Attaché Report (GAIN)

Kazakhstan: Grain and Feed Update

Marketing year 2023/2024 wheat production is expected to drop sharply to around three-quarters of last year’s level as a result of the June drought and excessive rains in the fall of 2023 that affected Kazakhstan’s major grain producing Northern region.
Attaché Report (GAIN)

China: Revised Draft Oil Seed Standard Notified

On February 12, 2024, the People’s Republic of China (PRC) notified the National Standard for Seed of Economic Crops – Part 2: Oil Species (Draft) to the World Trade Organization (WTO).