Cotton import duty suspended; CCI cuts sale price Rs 700/candy as spinners eye cheaper imports

Government has exempted cotton import duty from June 1 to October 31, easing domestic raw material costs. CCI, sitting on 32 lakh bales of a 105 lakh-bale procurement, trimmed sale price by Rs 700/candy. New import contracts expected from late July, offering relief to spinners and downstream textile and apparel brands.

— Filed Mon, 1 Jun, 2026, 21:07 IST · Source BL · Consumer & Economy · Updated

Government suspended cotton import duty from June 1 to October 31, easing domestic prices. CCI cut sale price by Rs 700/candy. Spinners and textile sector gain access to cheaper imported cotton; new contracts expected from late July.

Why this matters

CCI is adjusting pricing strategy as duty exemption opens the door to cheaper imports, pressuring its 32 lakh-bale stockpile and signaling softer raw material costs ahead for textile manufacturers.

Retail-brand signals steady at 833 over the past 90 days.

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