AGP Executive Report
Last update: 6 hours agoCotton Duty Impact: India’s temporary cotton import duty waiver (Aug–Dec 2025) boosted volumes from 62.9k tonnes to 258.7k tonnes and eased domestic prices, but imports and prices swung back sharply after duties returned in Jan 2026. Market Watch: ICE cotton futures extended gains for a fourth session on short covering and a weaker dollar, though traders stayed cautious as demand signals lag. Policy & Trade: Nigeria’s Senate Public Accounts Committee cleared a ₦62.2bn customs under-remittance claim, saying the amount was misclassified levies for other agencies, while a reconciliation panel was set for remaining audit issues. Regional Expansion: Egypt’s SCZone signed a $20m textile project with Zhejiang Hongda, targeting 70% exports; Bangladesh approved a Chinese SEZ infrastructure package in Chattogram (Tk 41.89bn) aimed at attracting garment and other manufacturing. Industry Signals: Sri Lanka’s manufacturing PMI jumped to 56.6 in May, with textiles and apparel driving new orders and production growth. Sustainability & Circularity: EU-style HS code limits are creating blind spots for circular fashion trade, complicating how second-hand and recycled textiles get classified.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.