India is expected to extend its customs duty waiver on cotton imports by two months, through December, to cut costs for textile mills and ease domestic prices.
India is expected to extend the duty-free import window for cotton until the end of December, according to government and industry sources.
The move could lower costs for textile mills, curb domestic prices and increase imports from the US, Brazil and Australia.
India, the world’s largest cotton producer after China, had waived the 11% customs duty on cotton imports for five months, from 1 June to 31 October, to boost supplies during the lean season.
The government has not yet made an official announcement on the extension.
