The rupee opened 14 paise higher at 89.88 against the dollar.Indian rupee opened 14 paise higher at 89.88 per dollar on Friday against previous close of 90.02.read more :- Bangladesh considers tariff on Indian cotton yarn
Bangladesh considers tariffs on Indian cotton yarn importsNEW DELHI : Bangladesh is mulling tariffs on Indian cotton yarn imports, with the Bangladesh Trade and Tariff Commission discussing this on January 5, Indian yarn industry executives said on Wednesday, citing Bangladeshi trade reports, against the backdrop of deteriorating bilateral relations.Bangladesh tariffs on Indian yarn could hit domestic prices, mills, and farmers, analysts said.Levies by Bangladesh, the world’s largest importer of raw cotton, on yarn imports from India, its largest supplier, could weaken domestic prices, hitting mills and farmers here, analysts said.India has been sheltering former Bangladesh PM Sheikh Hasina since she fled Dhaka in mid 2024 following student-led protests, and a harsh crackdown by security forces that killed hundreds but only served to intensify the agitation against her. She has been sentenced to death, in her absence, by a Bangladesh tribunal.Meanwhile Dhaka has grown closer to both Beijing and Islamabad, several of its leaders, including its interim head of government Mohammed Yunus, have made intemperate comments about India, and New Delhi has condemned a string of recent murders of Hindus in Bangladesh, while the interim government of the neighbouring country continues to press for an extradition of its toppled leader, to which India has remained non-committal.The latest spat between the two countries involved the participation of a Bangladesh cricketer in the Indian Premier League. After protests in India forced the Indian cricket board to ask the team that signed him on to release him, Dhaka said it would not travel to India for a major cricket tournament, citing security concerns.The strained ties could impact trade with India, which was Bangladesh’s third-biggest trading partner in 2024. This may impact goods worth around $770 million, amounting to nearly 42% of Bangladesh’s exports to India, according to a May 2025 analysis of the Global Trade Research Initiative.“Bangladesh is considering imposing duties on Indian yarn. Last year, it restricted yarn imports. This will impact markets in India,” said Atul Ganatra, a former president of the Cotton Association of India.In April last year, Bangladesh banned import of yarns from India via land ports through a notification by the National Board of Revenue. This came barely days after the country announced a ban on the import of several Indian commodities, including newsprint, cigarette paper, duplex board, potatoes, powdered milk and components for television sets and radios. In May 2025, India imposed curbs on imports of ready-made garments and processed foods from Bangladesh.In its January 5 meeting, the Bangladesh Trade and Tariff Commission reviewed cotton and cotton yarn imports from India and discussed a specific proposal to impose tariffs, said Amrit Kota of Gayatri Impex Ltd, a Mumbai-based exporter of yarn.India exported cotton yarn valued at $3.57 billion in 2025, of which Bangladesh was the largest recipient, accounting for about 45.9% of its total yarn shipments. India is the largest supplier of cotton yarn to Bangladesh, which feeds its large spinning industry, while China is the top exporter of finished fabric to the country.
Giriraj Singh, Mohan Yadav participate in National Textile Ministers' Conference in GuwahatiGuwahati: Union Textiles Minister Giriraj Singh and Madhya Pradesh Chief Minister Mohan Yadav participated in the National Textile Ministers' Conference 2026 in Guwahati on Thursday.On the occasion, Singh and Yadav, along with Union Minister of State for Textiles Pabitra Margherita, inaugurated a handloom and handicrafts exhibition showcasing India's art, traditions, and craftsmanship.In a post on the social media platform X, Singh said the exhibition offers a powerful glimpse into India's heritage and reflects the vision of strengthening tradition while ensuring continuous development."Today, during the National Textile Ministers' Conference in Guwahati, inaugurated the Handloom and Handicrafts Exhibition along with the Hon'ble Chief Minister of Madhya Pradesh, Dr. Mohan Yadav, and the Hon'ble Minister of State for Textiles, Shri Pabitra Margherita. This exhibition offers a powerful glimpse into India's art, tradition, and craftsmanship. Our vision is clear – to ensure that India's heritage remains strong while development continues in a sustainable manner," Singh wrote on X.According to an official statement, Chief Minister Yadav will also hold discussions with the Assam government on the exchange of wildlife between the two states.He said that Madhya Pradesh and Assam had previously discussed the reintroduction of wild buffaloes, which have become extinct in Madhya Pradesh, and also the possibility of bringing rhinos to the state.Yadav further stated that following a request from Assam's Chief Wildlife Warden, an agreement has been reached to transfer tigers and crocodiles from Madhya Pradesh to Assam."Proposals related to the exchange of wildlife have been sent to the central government," he said.The Chief Minister also said that cooperation between the two states in eco-tourism and wildlife tourism is expected to increase, and these issues will be discussed with Assam Chief Minister Himanta Biswa Sarma. The two-day National Conference of Textile Ministers in Guwahati is focusing on investment promotion, job creation, innovation, skill development, and production aligned with market demand.The conference is also discussing traditional handlooms and handicrafts, modern textiles, technical textiles, apparel, and export potential.During the conference, Yadav will present Madhya Pradesh's textile policy and investment opportunities, while the event will also provide states with an opportunity to share best practices and explore partnerships in the textile sector.read more :-500% tariff warning: Panic in Dalal Street
500% US Tariff Threat Rocks Dalal StreetExport-oriented textile and shrimp stocks witnessed heavy selling pressure on January 8 after US President Donald Trump approved a bipartisan sanctions bill. The bill proposes imposing a massive 500 percent tariff on countries, including India, that continue to trade with Russia.(SIS)These stocks have remained volatile since Trump returned to power and increased tariffs on Indian imports to 50 percent, citing New Delhi's purchase of Russian oil.Republican Senator Lindsey Graham said the bill would give the US an opportunity to put additional pressure on countries "fueling Putin's war machine" by buying Russian oil. He said the legislation, backed by Trump, could be brought to a bipartisan vote as early as next week, even as diplomatic efforts to end the Ukraine war continue.(SIS)According to the US Congress website, the proposed Sanctioning of Russia Act of 2025 also seeks to penalize individuals and entities and increase duties on all goods and services imported from Russia into the US by at least 500 percent, signaling a massive escalation in economic pressure.Graham said the bill would empower the US president to take action against countries buying discounted Russian oil, which Washington believes is helping to finance Moscow's war efforts. "This bill will allow President Trump to punish countries that buy cheap Russian oil, which is fueling Putin's war machine," he said, naming China, India, and Brazil as potential targets.(SIS)This development comes at a time when the long-pending India-US trade agreement remains in limbo despite several rounds of talks between officials from both countries.(SIS)read more :- INR Drops 07 Paise, Closes at 90.02 per Dollar
The Indian rupee on thursday lower 07 paise to close at 90.02 per dollar, while it opened at 89.95 in the morning.At close, the Sensex was down 780.18 points or 0.92 percent at 84,180.96, and the Nifty was down 263.90 points or 1.01 percent at 25,876.85. About 974 shares advanced, 2870 shares declined, and 137 shares unchanged.read more :- Garment exporters under pressure from US tariffs, AEPC chief seeks relief and budget support
New AEPC chief seeks trade relief, Budget support as US tariff squeezes apparel exportersA Sakthivel, Founder of Tiruppur-based Poppys Knitwear Pvt Ltd, is considered the father of the apparel industry. With over five decades in the industry, he assumed charge as Chairman of the Apparel Export Promotion Council (AEPC) on Tuesday for a record fifth term. In his first interview to a media house after taking over as Chairman, Sakthivel shares with businessline his views on how US tariffs are affecting textile exporters, besides a host of other topics.The US tariff is the biggest issue currently facing the textiles industry. How is the industry going to handle it if this prolongs?The industry is making efforts to diversify export markets beyond the US, especially towards Russia, Japan, South Korea, Chile, and South Africa. The recently concluded FTAs with the UK, New Zealand and Oman will help exporters diversify into these markets and improve the global position of the Indian apparel industry.The industry is also intensifying efforts to scale efficiencies, higher value-added product manufacturing, and fast-tracking sustainability compliance in line with global buyer requirements. This will partially offset the tariff burden. Engagement with the Government is ongoing to seek appropriate trade reliefs and targeted market-linked support schemes to neutralise the tariff disadvantage faced by Indian exporters.The industry is strongly advocating expeditious conclusion of the India–US Bilateral Trade Agreement negotiations to achieve a long-term resolution to the tariff issue.Has the industry accepted the increased US tariffs?The industry has not accepted the increased tariff as a permanent reality, but is managing pragmatically in the short term. India faces a 50 per cent tariff - higher than Bangladesh, Vietnam (20 per cent), and Cambodia/ Indonesia/ Malaysia (19 per cent).What is your primary agenda as chairman of AEPC?The foremost will be product and market diversification. We need to promote export of man-made fibre garments for which global demand is high and we have a scant share. India’s apparel export is highly cotton-centric and its apparel exports are largely concentrated in the US, EU, and UK.We need to diversify exports towards non-conventional and non-traditional destinations. The focus will be on making Indian apparel exports sustainable, especially in view of recent and upcoming EU regulations around sustainability.What is the industry’s demand from the Union Budget?The industry wishes for strengthening interest subvention under the Export Promotion Mission, including enhancement of the interest subvention rate from 2.75 per cent to 5 per cent and relaxation of the current annual value cap of ₹50 lakh per year, to ease credit constraints for MSME exporters.We need reintroduction of a concessional tax rate of 15 per cent under the Income Tax Act to incentivise new manufacturing companies and boost investments in the sector. We need provision of accelerated depreciation benefits for apparel exporters to strengthen the liquidity position and global competitiveness of Indian exporters.The loan moratorium falling due between September 1 and December 31, 2025 must be extended. The industry wants introduction of a new Technology Upgradation Scheme focused on micro units in the MSME segment, in view of the expiry of ATUFS and the non-coverage of micro enterprises under the PLI scheme, to stimulate capital upgradation.The industry in Tiruppur is the worst affected. Hailing from Tiruppur, is there anything that you wish to do for your hometown?Given the inability to compete on price in the short run, Tiruppur exporters are encouraged to leverage their strong sustainability, compliance, and responsible manufacturing credentials as key differentiators.Tiruppur is known as the knitwear capital of India. This is the right time to transform it into the apparel capital of India through greater product diversification across all apparel categories, including woven products.We will encourage Tiruppur manufacturers to establish factories to make swimwear, pullovers and jerseys, brassieres and sportswear.read more :- Sharp jump in cotton imports from zero duty window
Cotton imports zoom as traders reap zero duty window benefit.India imported cotton at a record pace, procuring nearly 3 million bales in the December quarter, as buyers rushed to take advantage of the duty-free window till the year-end.This could lead to a second consecutive year of record imports in FY26 amid lower domestic production, rain-damaged crop quality, and higher local prices.Trade bodies, global merchants, and textile mills estimate that total imports during the October-September cotton marketing season could reach 5-6 million bales, depending on government policy, US tariffs, and trade pacts with the EU and the UK.Acting on a longstanding demand from the cotton textile and yarn industry, the government scrapped a 11% import duty on cotton from August 19 till December 31. The industry had anticipated shortages as the area under cotton cultivation has been declining for the past two years.Cotton acreage fell 3.5% in kharif 2025 from the year earlier, adding to a sharper 9.5% decline in kharif 2024 over 2023."The top 10 mills in the country have covered their cotton requirements until May or June through imports," said Atul Ganatra, chairman, Radhalakshmi Group and former president of the Cotton Association of India (CAI).In addition to the strong imports in the first quarter of the cotton marketing year, the industry expects another 2-3 million bales to be imported in the rest of the year.A key reason is the widespread damage to the quality of Indian cotton due to adverse weather conditions. "The quality of at least 50% of this year's cotton production has been affected, which is reflected in parameters such as strength and shine," said K Selvaraju, secretary general of the Southern India Mills Association (SIMA).Export commitments require specific grades of cotton that are contamination-free and of extra- long staple (ELS), for which India depends on imports. "We will import 300,000 bales of Australian cotton between June and August. At least 500,000 bales of duty-free extra-long staple cotton will be imported by September to meet our normal demand for this variety. More than 500,000 bales may also come from Africa, which attracts lower duties," said Ganatra.Cotton imported by processing mills for their captive consumption attracts only 4% import duty. Large mills can import at lower effective duties when domestic prices remain higher than international prices.Meanwhile, state-owned Cotton Corporation of India (CCI) is holding more than 20% of this year's crop through price support procurement at the minimum support price.read more :-Bangladesh proposes safeguard tariff on Indian cotton yarn imports
Bangladesh textile industry lobbies for safeguard tariff on Indian cotton yarn imports.Nagpur: Amidst unrest in run-up to elections, the textile industry in Bangladesh is lobbying for imposing a 20% safeguard tariff on import of cotton yarn, blended yarn, and even grey melange from India. These are key products made by industries in India, including the units in Vidarbha. A safeguard tariff is a temporary duty imposed by any country to protect the local industry.A note was circulated by a foreign trade research officer in Bangladesh to the country's trade and tariff commission, commerce secretary, and the textile mills association suggesting slapping safeguard duty on Indian cotton at a meeting that was convened on January 5. Even as the outcome of the meeting is not known yet, the note has gone viral in India. This has left the textile sector here worried, as industry players say it could be a double whammy. India losing its competitive edge in Bangladesh may affect rates of raw cotton fetched by farmers, they suggested.The tariff threat comes at a time when India re-imposed the duty on raw cotton imports from January 1. The 11% duty was lifted in August, following tariff tension with the US.However, despite stiff lobbying by the textile sector, it was not extended beyond December 31. Lifting of duties allowed cheaper imports of raw cotton to India, benefiting the sector. However, within 1 week of bringing back the duties, cotton prices even in the private market have touched the minimum support price (MSP) of Rs 8,110 a quintal for the best grade.Costlier cotton would affect margins for the Indian textile industry. If Bangladesh imposes a duty, even exports from India would be affected, say industry sources.Prashant Mohta, managing director of Gima Tex Limited and president of Vidarbha Industries Association (VIA), said 30% of the yarn produced each month in Vidarbha is exported to Bangladesh. This came to as much as 3,000 tons. There are around 45 units engaged in yarn production in Vidarbha alone. The duty will lead to yarn prices crashing in India, even impacting cotton prices. Moreover, India has duty free imports of Bangladeshi apparel.The demand to impose a duty in Bangladesh stemmed from a wrongful practice by industries of the country, unearthed by the country's authorities recently. Certain licensed importers in Bangladesh are allowed to bring in duty-free yarn from India only if it is used to make garments that are ultimately exported. However, it was found that certain industries consumed duty-free cotton and sold garments in the domestic market, affecting the trade dynamics in Bangladesh. This led to a demand for imposing a duty on imports from India, said a source.read more :- Rupee opens 07 paise down at 89.95
The Rupee opened 07 paise lower at 89.95 against the US dollar.Indian rupee opened marginally lower at 89.95 per dollar on Thursday versus Wednesday's close of 89.88.read more :- Soft cotton prices increased in Srikaranpur
Increase in the price of soft cotton in SrikaranpurRamesh Bansal, Chairman of the Srikaranpur Municipality and a leading cotton trader at the grain market, cited several reasons for this surge in cotton prices. He explained that the central government had waived the import duty on cotton during October, November, and December. However, an 11 percent import duty was reimposed from January 1st.According to Bansal, the increasing demand for cotton from textile factories is also a major factor contributing to the price increase. These factors have led to a continuous upward trend in cotton prices in the market.Rakesh Dhuria, manager of shop number 179, M/s Karam Singh Harnek Singh, at the grain market, provided details of a specific sale. He stated that Balraj Singh, son of Avtar Singh Gill, a resident of Moda, had brought his cotton to their shop.Due to the high quality of the cotton and the prevailing market trend, Balraj Singh's cotton was sold at a rate of Rs. 7796 per quintal. Approximately 20 quintals of this consignment were purchased by M/s Baburam Ramswaroop and another 20 quintals by M/s Singla Industries. This surge in cotton prices has created a positive atmosphere in the market.read more :- INR Gains 29 Paise, Closes at 89.88 per Dollar
The Indian rupee on wednesday higher 29 paise to close at 89.88 per dollar, while it opened at 90.17 in the morning.At close, the Sensex was down 102.20 points or 0.12 percent at 84,961.14, and the Nifty was down 37.95 points or 0.14 percent at 26,140.75. About 1939 shares advanced, 1886 shares declined, and 140 shares unchanged.read more :- Cotton prices firm: End of import duty exemption, impact of Bangladesh tariffs?
Cotton Prices: Cotton Prices Strengthen After Import Duty Exemption Ends; Will Bangladesh's Tariff Plans Have an Impact?Cotton prices have improved in major markets across the country after the import duty exemption on raw cotton expired on December 31. According to trade sources, raw cotton prices have increased by Rs 400 to 500 per quintal in different markets. Despite this increase, prices still remain below the Minimum Support Price (MSP) of Rs 8,100 per quintal.Meanwhile, a new concern is emerging for the Indian cotton and yarn market from Bangladesh. Bangladesh, which has been the largest buyer of Indian yarn for the past few years, is now considering imposing tariffs on imports to protect its domestic yarn producers. The Bangladesh Trade and Tariff Commission recently discussed a proposal to impose a 20 percent duty on yarn imports in a meeting, although no official announcement has been made yet.Apprehension of Impact on Indian Yarn ExportsAccording to Atul Ganatra, former president of the Cotton Association of India, if Bangladesh imposes a duty on yarn imports, it will directly impact India's domestic yarn market. India exports approximately 30 percent of its total yarn production, while domestic consumption accounts for about 70 percent. Bangladesh is a major importer of Indian yarn, and a tariff there could reduce the competitiveness of Indian yarn. Trade sources believe that Bangladesh might impose a duty of between 10 and 20 percent. This would increase the landed cost of Indian yarn, making it more expensive in the Bangladeshi market.Improvement in Domestic Market PricesAfter the expiry of the import duty exemption, prices have increased in several cotton-producing regions of the country. According to Ramanuj Das Boobh, a sourcing agent from Raichur, raw cotton prices have risen to Rs 8,000 per quintal, compared to around Rs 7,500-7,600 a week ago. Meanwhile, pressed cotton prices have also increased by ₹1,000 to ₹1,500 per candy (356 kg). He said this is an opportune time for the Cotton Corporation of India (CCI) to announce the price for the 2025-26 crop, as any delay could lead mills to enter into more import contracts.Procurement and Stock SituationThe government agency, Cotton Corporation of India (CCI), is actively procuring cotton at the Minimum Support Price (MSP) and has so far purchased over 68 lakh bales. Prices have also increased by ₹400–500 per quintal in the Khandesh region of Maharashtra. According to Pradeep Jain, founder president of the Khandesh Gin Press Factory Owners Association, approximately 40 percent of the crop in the region has arrived in the markets, while the remaining crop is being held back by farmers, and harvesting is complete.2024-25 Crop Almost Sold OutAkola-based broker Arun Khetan said that the CCI has sold almost the entire 2024-25 season's crop and now has less than three lakh bales in stock. The market expects the CCI to announce a price of around ₹57,000 per candy for the 2025-26 crop.read more :- Rupee opens steady at 90.17 /USD
Rupee opened stable at 90.17 against dollarIndian rupee opened flat at 90.17 per dollar on versus previous close of 90.17.read more :- Cotton yarn prices surged in North India in January 2026.
Rise in cotton yarn prices in North India in January 2026There is currently a strong environment in the cotton yarn market of North India. Due to continuous rise in the prices of raw cotton, the cost of spinning mills has increased, the direct impact of which is visible on the prices of cotton yarn. To compensate for the rising costs, mills are forced to increase yarn prices.(SIS)Major Market UpdatesLudhianaA slight increase of about two to five rupees per kilogram has been recorded in the prices of cotton yarn in Ludhiana market. Although mills have increased prices, demand from buyers still remains limited.DelhiThe prices in the cotton yarn market of Delhi currently remain stable. There are no signs of any major movement in prices due to weak demand from textile manufacturing units and garment sector.(SIS)panipatA slight improvement has been seen in the prices of recycled cotton yarn and cotton comber in Panipat. However, due to excess supply of recycled PC thread in the market, there has been no significant change in its prices.Major market challengescost pressureDue to high prices of raw cotton, the pressure of production cost on spinning mills is continuously increasing.(SIS)read more :- Indonesia's move: Cotton imports provide relief to the textile industry.
Indonesia protects domestic textile sector from cotton import surge.he Indonesian government’s new policy, which was signed on 22 December, aims to implement safeguard measures when a rise in imports could pose a serious threat to domestic producers, according to local news publication Jakarta Globe ID.This follows the Indonesian Trade Safeguard Committee (KPPI) carrying out an investigation, which suggested that rising cotton woven fabrics had already impacted the country’s local textile sector.The Bea Masuk Tindakan Pengamanan (BMTP) duty will be on top of existing import duties, including most-favoured-nation rates and preferential tariffs under international trade agreements.It is expected to be applied for three years with a declining tariff each year. In the first year, duties will range from Rp3,000 ($0.18) to Rp3,300 per metre based on tariff classification. In the second year, the rate will be Rp2,800-Rp3,100 per metre, and in the final year it will be Rp2,600-Rp2,900.Imports that come from 122 developing countries that are WTO members will be excluded. This includes Malaysia, Thailand, the Philippines, as well as some countries in Africa and Latin America.The publication points out that if the origin requirements are not met, or if a retroactive verification is still underway, the imported products will remain subject to the safeguard duty in accordance with its rules.read more:- Cotton prices surge in the global market.
Cotton prices rise on global markets after long period of declineSince the beginning of 2026, cotton prices have been on the rise again. In early January, cotton futures surged to 64.8 cents per pound, the highest level since late December, after several days of decline. However, in year-on-year terms, the price is still about 5.4% lower, and the demand for cotton remains weak.According to Trading Economics, the price increase was driven by the return of investors to the market after the New Year holidays, leading to the closure of "short positions" — meaning the repurchase of contracts on which investors had profited during the price decline. This pushed the prices up. Additional support came from oil, which rose slightly, making polyester — one of cotton’s main substitutes — more expensive, thus making natural fiber more attractive again.As of January 6, 2026, the price of cotton held steady at around 64.82 cents per pound, which is approximately $1.43 per kilogram. However, compared to January of last year, the price is still 5.4% lower.Despite the price recovery, risks for the market persist. Trading Economics notes that market participants remain concerned about weak demand, surplus stocks, and the potential impact of tariffs on U.S. cotton. The U.S. Department of Agriculture's report also heightened concerns, as net cotton export sales for the week ending December 25, 2025, totaled only 134,000 bales, which is perceived as a sign of weak demand.For Tajikistan, the dynamics of cotton prices are especially important given the expected increase in production. According to the Forecast of Key Macroeconomic Indicators of Tajikistan for 2025–2027, the cotton harvest in 2025 is estimated at 390,000 tons, with the production of cotton fiber is estimated at 139,000 tons.Additionally, Tajikistan is increasing its cotton fiber exports. Since the beginning of 2025, Iran has purchased more than 30,000 tons of Tajik cotton fiber for $45.7 million.read more :- Increase in cotton procurement, deadline extended to January 16.
| title | Created At | Action |
|---|---|---|
| INR Opens Stronger by 14 Paise at 89.88 | 09-01-2026 17:27:50 | view |
| Bangladesh considers tariff on Indian cotton yarn | 09-01-2026 01:32:52 | view |
| Giriraj Singh, Mohan Yadav attend Guwahati Textile Ministers Conference | 09-01-2026 00:00:28 | view |
| 500% tariff warning: Panic in Dalal Street | 08-01-2026 23:46:25 | view |
| INR Drops 07 Paise, Closes at 90.02 per Dollar | 08-01-2026 22:43:44 | view |
| Garment exporters under pressure from US tariffs, AEPC chief seeks relief and budget support | 08-01-2026 18:59:54 | view |
| Sharp jump in cotton imports from zero duty window | 08-01-2026 18:41:08 | view |
| Bangladesh proposes safeguard tariff on Indian cotton yarn imports | 08-01-2026 18:24:16 | view |
| Rupee opens 07 paise down at 89.95 | 08-01-2026 17:28:10 | view |
| Soft cotton prices increased in Srikaranpur | 08-01-2026 00:08:50 | view |
| INR Gains 29 Paise, Closes at 89.88 per Dollar | 07-01-2026 22:48:03 | view |
| Cotton prices firm: End of import duty exemption, impact of Bangladesh tariffs? | 07-01-2026 18:44:54 | view |
| Rupee opens steady at 90.17 /USD | 07-01-2026 17:27:14 | view |
| Cotton yarn prices surged in North India in January 2026. | 07-01-2026 01:09:47 | view |
| Indonesia's move: Cotton imports provide relief to the textile industry. | 07-01-2026 00:55:18 | view |
| Cotton prices surge in the global market. | 07-01-2026 00:43:24 | view |
