India Extends Cotton Import Duty Waiver Until December 31st

India has extended its waiver on import duties for cotton by three months, pushing the deadline to December 31st. This move aims to provide relief to garment manufacturers facing financial strain from high US tariffs. Global cotton prices saw a slight upward trend after the decision, reversing earlier losses and rising 0.2%. However, industry experts warn that this increased influx of imported cotton could decrease demand for local fiber and potentially impact domestic pricing.