Farms that cultivate cotton independently will receive subsidies.

According to the decree of the President of Uzbekistan, starting from the 2025 harvest, farms that cultivate cotton raw materials using their own funds or commercial loans and sell it on the exchange will receive a subsidy amounting to 10% of the total invoice amount.

For farms that repay preferential loans obtained for growing cotton raw materials by the end of the harvest year (by December 31 of the respective year), a procedure will be in place to return 4 percentage points of the paid interest as a subsidy.

The decree also establishes the following rules for trading through the exchange:

• Futures contracts are concluded from November 1 of the current calendar year until June 1 of the following year between farms and processors at a freely determined price, which must not be lower than the announced starting price.
• Forward contracts are arranged from November 1 of the current year until March 1 of the following year at prices agreed upon by the parties.
• Spot contracts are concluded in real-time for the volumes of cotton raw materials stored in the warehouse at mutually agreed prices.
• Farms that do not have warehouses or lease agreements are required to arrange forward contracts by March 1 of each harvest year or futures contracts by June 1.