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The Economic Times

Global Business / The Economic Times

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Cotton prices down 3% on import duty suspension, may slide more

India has suspended its 11% import duty on cotton until October. This move has immediately reversed the recent rally in cotton prices, with both bales and yarn seeing a drop. Industry insiders expect further price decreases in the coming days. This decision aims to ease prices, prevent hoarding, and boost the competitiveness of Indian textile exports.

2 Jun 2026 12:54 am