Dutyfree cotton import extension spells doom for droughthit Vidarbha farmers, brings cheer to industry

India extending duty-free cotton imports to Dec 31 adds supply-side pressure, with domestic raw cotton already down Rs 300/quintal and global prices sliding from $1.03 to 89 cents per pound. Bearish for cotton-linked agri complex and farmer sentiment in Maharashtra, mildly supportive for textile mill margins. Spillover into broader commodity or crypto markets is limited.