India may be offering export subsidies after change in quota policy

World Cotton prices rose to $2 a pound last fall and winter, in part, because the government of India placed duties on exports of raw cotton to protect its textile sector. Since then, India has dropped the quotas on exports and begun offering drawbacks of duties to exporters. The National Cotton Council’s Gary Adams discussed the situation in this interview that followed his presentation at the joint meeting of the American Cotton Producers and the Cotton Foundation in Corpus Christi, Texas.