In 2024-25, the import of cotton reached a record high, increasing by 77% compared to the previous year. This significant surge in imports is linked to the existing cotton import duty implemented in the nation. The government has stated this measure aims to bolster domestic cotton production and secure vital market access for farmers. Farmers and firms are engaged in ongoing discussions regarding the impact of the duty on their profitability and supply chain stability. Analysis suggests potential challenges remain regarding the long-term effects of the policy on the agricultural sector.
Tuesday, October 7
