Cotton prices clothing rebates slashed - India Textile information - Textile net - Textile integrated service provider

This week, On September 22 - 28) , India's domestic cotton prices in the increased supply of the crop and plant procurement under the pressure of slow down. At present, the India market day three of the crop. 50000 packages ( 5950 tons) , the government announced that from October 1 to implement the new export tax rebate - 1. HTML '> export tax rebates, tax rebates for 2% cotton clothing, before is 7. 7%. Cotton polyester blended class clothing of tax rebates to 2. 5%, before is 9. 5%. As of Sept. 21, India cotton seeding was basically completed in 2017, the planting area of reaches 1. 8. 2 billion Chinese acres, up 19% from a year earlier.