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State-wise CCI Cotton Sales Details – 2024-25 SeasonThe Cotton Corporation of India (CCI) kept its prices unchanged this week and sold approximately 96,30,200 bales for the season 2024-25. This represents around 96.30% of the total cotton procured so far this season.A state-wise breakdown of sales indicates strong activity from Maharashtra, Telangana, and Gujarat, which together account for over 84.74% of the total sales to date.This data underscores CCI’s proactive efforts in stabilizing the cotton market and ensuring steady supply across key cotton-producing states.read more:-   Industry appeals against local cotton tax.

Industry bodies urge removal of 4% source tax on local cotton at BTMA meeting.Bangladesh’s textile value chain stakeholders have renewed calls to strengthen domestic cotton production and remove fiscal barriers, as industry bodies and government officials met at the Bangladesh Textile Mills Association (BTMA) headquarters in Gulshan on January 1, 2026.The joint meeting, organised by BTMA, brought together senior officials from the Bangladesh Cotton Development Board (CDB) and members of the Bangladesh Cotton Ginners Association (BCGA). The session was chaired by Mohammad Khorshed Alam, Director, BTMA.Speaking at the meeting, CDB officials highlighted the strategic importance of expanding local cotton cultivation to reduce import dependency and improve supply-chain resilience. The discussion placed strong emphasis on scaling domestic cotton production through better land utilisation, farmer engagement, and closer coordination between growers, ginners, and spinners.Among the key recommendations was the withdrawal of the government-imposed 4% source tax on domestic cotton sales, which participants said discourages trade of locally produced cotton. Ginners also urged Bangladeshi spinning mills to prioritise the procurement of cotton produced by local ginning mills to support domestic value addition.Mohammad Rezaual Amin, Executive Director, Bangladesh Cotton Development Board, along with Dr. Md. Gazi Golam Mortuza, Soil Fertility and Water Management Specialist, Bangladesh Cotton Development Board, and Dr. Khalequzzaman, Senior Scientific Officer, Bangladesh Cotton Development Board, shared technical perspectives on productivity improvement and sustainable cultivation practices. Project-level updates were presented by Dr. A.K.M. Harun-or-Rashid, Project Director, Bangladesh Cotton Development Board.The meeting also discussed awareness-building initiatives among farmers. Ginners requested BTMA’s support in distributing 5,000 BTMA-branded T-shirts at a planned farmer seminar aimed at encouraging cotton cultivation.Mohammad Khorshed Alam, Director, BTMA, stressed the importance of ensuring that cultivable agricultural land remains productive, urging the plantation of cotton trees where land remains idle. He also encouraged ginning mill owners to promote integrated farming, combining cotton with vegetables on fallow or underutilised land to enhance farmer income.Ziaul Hasan Chowdhury, Deputy Secretary General, BTMA, was also present at the meeting, alongside representatives from ginning mills across Kushtia, Jashore, and other cotton-producing regions.read more:- "The first major survey of the textile sector will be conducted in 2027."

Government plans first comprehensive textile sector survey in 2027The government is planning to launch a comprehensive survey of the textile sector in 2027, aiming to build a detailed picture of the financial health, employment structure and market integration of one of India’s most labour-intensive industries, sources told.Unlike earlier exercises that focused largely on production or wages, the proposed survey is expected to go deeper into the financial ecosystem surrounding textile units. Officials said it will examine how firms access finance, whether they are able to obtain formal loans, how much they repay, and the extent to which they are integrated into the formal credit system. Export participation will also be tracked, allowing policymakers to assess how deeply textile enterprises are plugged into global value chains.At present, official data on the sector is fragmented. The labour ministry tracks wages in textiles, but the last such survey was conducted in 2017. There is little systematic information on credit access, financial stress or export orientation across the vast and diverse textile landscape.“Whether they get loans or not, how much they repay, their financial inclusion status, and whether they export—these are some of the things we want to understand. Textile is a labour-intensive secread more:-  Government extends deadline for applying to Textile PLI scheme till March 31

Textile PLI Application Deadline Extended to March 31The government has extended the deadline for submitting new applications under the Production Linked Incentive (PLI) scheme for textiles until March 31, 2026.The Ministry of Textiles stated that this extension follows the positive response received after the application portal reopened in August 2025, with textile companies submitting proposals in priority sectors such as Man-Made Fibre (MMF) apparel, MMF fabrics, and technical textiles.In October, the government had extended the deadline for filing new applications under the PLI scheme for the textile sector until December 31, which has now been further extended to March of this year.The ministry said, "This decision reflects the growing investor confidence in India's textile sector and aims to facilitate broader participation by providing eligible applicants with additional time."The PLI scheme for textiles was notified on September 24, 2021, with the objective of promoting the production of MMF apparel and fabrics and technical textile products in the country, enabling the industry to grow in size and scale, become competitive, create employment opportunities, and foster successful enterprises.READ MORE :- CCI's cotton sales exceed 96%, with a weekly volume of 2.02 lakh bales.

CCI Cotton Sales Hit 96.30%, Weekly Volume at 2.02 Lakh BalesThe Cotton Corporation of India (CCI) kept its prices unchanged this week, CCI has now sold 96.30% of the cotton procured during the 2024–25 season through e-auctions.During the week from 29 December 2025 to 02 January 2026, CCI conducted regular online auctions for mills and traders across various centers. These auctions resulted in total weekly sales of approximately 2,02,100 bales, reflecting steady demand from both segments.Day-Wise Sales Report29 December 2025The week began on a strong note with the highest sales recorded at 84,700 bales. Of these, 28,000 bales were purchased by mills, while 56,700 bales were bought by traders.30 December 2025CCI sold 70,200 bales on this day, with mills lifting 26,300 bales and traders purchased 43,900 bales.31 December 2025Total sales stood at 27,700 bales. Mills accounted for 10,100 bales, while traders purchased 17,600 bales.01 January 2026Sales dropped sharply to 7,100 bales, comprising 4,300 bales purchased by mills and 2,800 bales by traders.02 January 2026The week concluded on a modest note with 12,400 bales sold. Of this, mills purchased 8,100 bales, whereas traders bought 4,300 bales.With these weekly sales, CCI’s total cotton sales for the ongoing season have reached approx 96,30,200 bales, representing 96.30% of its total procurement under the 2024–25 season.

Acreage Shifts, Uneven Rainfall To Hurt Cotton Output, Says ICRA.A report by Icra noted that despite leading the world in acreage, the cotton sown area in India has been declining steadily as current levels are 20 per cent lower than the peak acreage levels of 2021. Despite a reduction in acreage, the cotton yield continues to rise, improving by 1.8 per cent YoY in CYi2026.(SIS)However, cotton output is likely to dip by 1.7 per cent YoY to 29.2 million bales in CYi2026, according to the first advance estimates released by Department of Agriculture and Farmers Welfare (DA&FW), taking the output to its lowest levels in the last 10 years. Icra added that domestic consumption, on the other hand, is expected to remain flat.“While domestic demand is stable, the effects of tariffs levied by the United States (US) on Indian apparel exports, on the downstream sectors is likely to affect overall consumption. Amidst lower cotton output, the dependence on cotton imports has been rising, up 85 per cent on a YoY basis to 1.5 million bales of 170 kilogram in 5MFY26. Imports now meet over 10 per cent of demand,” the report highlighted.(SIS)Icra pointed out that due to weak demand and import duty waiver, cotton prices have been trading marginally below the minimum support price (MSP) since Nov 2024. MSP on cotton increased by 8 per cent for the cotton crop year 2026. Following a flat trend in H1FY26, domestic cotton fibre prices fell by 3 per cent month-on-month (MoM) in November 2025. Against this, average cotton yarn prices fell by 4 per cent, thus moderating the contribution levels from Rs 103 per kg in H1FY26 to Rs 96 per kg in November 2025.(SIS)Icra’s sample set of 13 companies, which accounts for 25 to 30 per cent of the industry's revenue, are expected to report a 4 to 6 per cent decline in revenues on a YoY basis in the current fiscal year.read more:-   Cotton sales pick up pace, CCI at 96%.

CCI Cotton Sales Hit 96.30%, Weekly Volume at 2.02 Lakh BalesThe Cotton Corporation of India (CCI) kept its prices unchanged this week, CCI has now sold 96.30% of the cotton procured during the 2024–25 season through e-auctions.During the week from 29 December 2025 to 02 January 2026, CCI conducted regular online auctions for mills and traders across various centers. These auctions resulted in total weekly sales of approximately 2,02,100 bales, reflecting steady demand from both segments.Day-Wise Sales Report29 December 2025The week began on a strong note with the highest sales recorded at 84,700 bales. Of these, 28,000 bales were purchased by mills, while 56,700 bales were bought by traders.30 December 2025CCI sold 70,200 bales on this day, with mills lifting 26,300 bales and traders purchased 43,900 bales.31 December 2025Total sales stood at 27,700 bales. Mills accounted for 10,100 bales, while traders purchased 17,600 bales.01 January 2026Sales dropped sharply to 7,100 bales, comprising 4,300 bales purchased by mills and 2,800 bales by traders.02 January 2026The week concluded on a modest note with 12,400 bales sold. Of this, mills purchased 8,100 bales, whereas traders bought 4,300 bales.With these weekly sales, CCI’s total cotton sales for the ongoing season have reached approx 96,30,200 bales, representing 96.30% of its total procurement under the 2024–25 season. read more:-   China's major decision: Tariff cuts on cotton and wool.

China to Slash Tariffs on Strategic Cotton, Wool, and Fur by 2026 for Textile Boost.The Asian giant facilitates the sourcing of raw materials for its textile industry. China will apply reduced tariffs during 2026 to a total of 935 imported products, including key inputs for the textile and leather industry, according to the plan approved by the Customs Tariff Commission of the State Council and published by the Chinese Ministry of Finance.According to the official document, “provisional tariffs will be applied to 935 imported products, excluding those subject to quotas.“ The measure will come into force on January 1st, 2026 and will be extended for the whole year, with possible adjustments in subsequent years.In the textile industry, the most relevant reductions affect cotton, one of the country’s main inputs. Uncarded and uncombed cotton and carded or combed cotton will see their most-favored-nation (Mfn) tariff reduced from 6% to a provisional 1%. However, certain volumes of out-of-quota cotton will be managed through a staggered tariff, as stated in the document: “for a certain amount of imported out-of-quota cotton, a provisional tariff will continue to be applied through a staggered system”.In-quota wool and cotton imported into China will have a tariff reduction from 6% to 1%Wool, both raw and in intermediate stages of processing, will also benefit from the cuts. Uncarded and uncombed, greaseless and scoured wool will be reduced from 6% to a provisional 1%, while combed and top-spun wool will have its rate reduced from 8% to 3%, a measure that could favor the supply of industrial spinning.The plan is complemented by additional reductions under existing free trade agreements, including the Regional Comprehensive Economic Partnership (RCEP), which groups China and 14 Asia-Pacific countries such as Japan, South Korea, Australia and New Zealand, as well as bilateral agreements with countries such as Switzerland, Serbia and Chile. According to the official document, “in accordance with the 24 free trade agreements and preferential agreements with 34 trading partners, the preferential tariff rate will continue to be applied to products imported from these partners”, reinforcing the competitiveness of their imports vis-à-vis other global production poles.Countries with free trade agreements or preferential agreements with China will benefit from additional tariff discounts in 2026From a strategic perspective, these measures make key inputs cheaper and consolidate China’s position as a global textile processing center, with advantages in spinning, weaving and tanning, as well as in the integration of the local production chain. For European industry, the adjustment could imply greater competitive pressure, although it could also open up opportunities to integrate Chinese suppliers into strategic supply chains.The plan approved by the Customs Tariff Commission of the Chinese State Council is part of the country’s annual tariff adjustment, which includes 935 products under provisional tariffs, maintains quota systems for products such as wheat and fertilizers, and continues to apply tariff preferences to less developed countries for certain products. read more:- Rupee fell 21 paise to close at 90.19 per dollar

On Friday, the Indian rupee fell 21 paise to close at 90.19 per dollar, compared to its opening price of 89.98 in the morning.At close, the Sensex was up 573.41 points or 0.67 percent at 85,762.01, and the Nifty was up 182 points or 0.70 percent at 26,328.55. About 2527 shares advanced, 1347 shares declined, and 135 shares unchanged.read more :- Mills on edge as duty-free cotton imports window ends

Mills Jittery as Duty-Free Cotton Window ClosesTextile mills in the country are worried over the lack of communication from the Centre on extending duty-free import of cotton, which ended on December 31, 2025. This will likely support prices in the domestic market.The duty waiver, introduced in August and extended till December-end, was meant to augment supplies and ease pressure on textile units struggling with 50 per cent US tariffs.K Venkatachalam, Chief Advisor, Tamil Nadu Spinning Mills Association (TASMA), said textile mills are concerned as cotton arrivals are at least 60 lakh bales (of 170 kg each) lower than last year, and the production this year is below 300 lakh bales. TASMA is among the organisations which sought extension of the duty-free facility.Durai Palanisamy, Chairman of the Southern India Mills Association (SIMA), said as of now, it seems the duty-free regime has ended.“We have asked for an extension of the facility. Cotton in transit may be affected. This season, the quality of cotton has been affected due to rain, while production is lower. The industry will be affected,” he said. With an upcoming free trade agreement and higher US tariffs, mills may be unable to stay competitive, though farmers will not be impacted, he said.Price differenceStating that there was a difference of over ₹10,000 a candy (356 kg) between the minimum support price (MSP) and market price, Palanisamy said export of yarns, made-ups and garments would suffer. “Even if the duty regime exists for a month, it takes several months to recover. We are finding it difficult to retain buyers,” he said.Traders believe the discontinuation of duty exemption will support the domestic prices, which are ruling below the minimum support price levels. “The Cotton Corporation of India has purchased around 64-65 lakh bales till now. So the prices will hinge on CCI’s selling strategy,” said Ramanuj Das Boob, a sourcing agent in Raichur.Anand Popat of Cotyarn Tradelink said about 70-80 per cent of the raw cotton arrivals is going to CCI, leaving limited supply in the private market with quality concerns likely to support prices. Also, the balance sheet for the current season is indicating that closing stock will be around 90 lakh bales. “Prices will depend on the selling policy of the CCI,” Popat said.Atul Ganatra, former President, CAI, said around 32 lakh bales had arrived by the end of December. Another 4-5 lakh bales of long staple cotton and 3 lakh bales of Australian cotton, which are duty free, will come in the next 9 months, along with 4-5 lakh bales of African cotton at 5.5 per cent duty.“Mills doing exports can buy against open licence and will face only 4 per cent duty. Brazilian cotton is available at ₹50,000 per candy (356 kg) port delivery. So if the Indian prices go up, then mills will have options to buy Brazilian cotton,” he said.The Cabinet is inclined to extend the duty waiver and the Ministry of Textiles has backed it, but the Agriculture Ministry has to concur, a source said.READ MORE :- Amidst Global Trade Turmoil Caused by Trump's Tariffs, India Officially Assumes BRICS Chairmanship for 2026

India Takes BRICS Helm for 2026 Amid Trade TurmoilIndia formally assumed the rotating chairmanship of the BRICS group on Thursday, framing the role as a platform to promote inclusive development and strengthen the voice of the Global South in global economic governance, at a time when US President Donald Trump's tariff measures have disrupted trade flows.New Delhi's chairmanship begins against two overlapping realities: BRICS has expanded into a much larger club, and the global trading system is facing rising protectionism.What BRICS looks like now and why membership is complicatedBRICS began as Brazil, Russia, India, China, and South Africa. In the last two years, the bloc has added Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates.Saudi Arabia's status is still disputed: the BRICS website lists it as a member, but several reports still indicate that Riyadh has yet to formally complete the process.In terms of size, the expanded group is massive. According to recent reports citing World Bank data, BRICS accounts for approximately 49 percent of the world's population, 29 percent of global GDP, and 23 percent of international trade.Trump's tariffs are the immediate point of pressureThe trade context is crucial because India's relations with Washington have been strained since Trump imposed 50 percent tariffs on Indian goods, including additional duties on India for buying oil from Russia.India will likely steer clear of directly pursuing de-dollarizationTrump has repeatedly warned against BRICS launching a common currency, threatening 100% tariffs and declaring "BRICS is over" in public comments early in his term. Against this backdrop, Prerna Gandhi, an associate fellow at India’s Vivekananda International Foundation, told Nikkei Asia that India would likely resist confrontational de-dollarization and instead promote local currency settlements to safeguard strategic autonomy.Raj Kumar Sharma, a senior research fellow at NatStrat, told Nikkei Asia that India would use the presidency to "defend and strengthen multilateralism" as protectionism rises — and push for reforms of global institutions. The 'Global South' strategy is back, but with a new rival calendar.Sharma told Nikkei Asia that India is expected to continue its emphasis on the Global South during its 2023 G20 presidency, prioritizing human welfare and inclusive development, and placing issues such as food and fuel shortages, debt restructuring, and climate finance on the agenda.He also pointed to a political reality: the Global South agenda could face competition from the US G20 presidency, where these priorities might not be given the same weight.Expansion and Pakistan: Where India might draw the lineDebate is also swirling around India's presidency as well as membership. Sharma told Nikkei Asia that New Delhi would likely insist on clear criteria to prevent BRICS from losing its relevance due to unplanned expansion, including transparent benchmarks and consensus-based decisions.Separately, Pakistan, facing economic distress, is keen to join the BRICS-backed New Development Bank (NDB) to broaden its borrowing options and has previously applied for BRICS membership. This adds a geopolitical dimension to a group otherwise seen as development-focused.READ MORE :- Oxford, Mississippi, will come alive with color, creativity, and craftsmanship from January 22-24, 2026.