Allow 40 lakh bales duty free import of cotton to avoid job losses due to cotton shortage: SIMA : Rashtra News #lakh #bales #duty #free #import #cotton #avoid #job #losses #due #cotton #shortage #SIMA Cotton being an agricultural and seasonal commodity, over 90 per cent of the cotton arrives the market during December to March
Cotton prices at the global level have risen to an 18-month high, making the biggest gains since September 2022, with the price rise in February 2024 seeing an uptick of 27% globally and 16% in India.
Cotton production in the 10 states under the pilot is projected to grow at 20-25%, a substantial increase at a time when all-India cotton production has been on a downhill slide