Indian Cotton Exports Of 2010-2011

25/11/2010 11:48

Now Indian government showing cotton exports. The cotton exports in October approx 49.50 million bales.

Government's "security policy of cotton" Domestic cotton textile industry to ensure availability, on Wednesday the Minister of State for Textiles Panabaaka Lakshmi informed through several measures.

Lakshmi in a written reply in the Rajya Sabha said that the surplus of cotton exports for the 2010-11 season have been identified as 55 million bales (170 kg each) of cotton export contracts already registered on October 1 was launched since.

2010-2011 to 55 million bales of cotton marketing year that began growing in October, at 49.50 million bales of exports has enabled some to date have already been exported.

The minister said there was no sign after the export surplus will be recorded.

Cotton and domestic prices rose by a sharp increase in outbound shipments of 19 April the government to stop exporting cotton to the domestic industry to ensure sufficient availability of raw cotton has been decided.

In May, however, the one-month ban was partially lifted, but introducing a licensing system put in place strict export regulations.

Later, the government surplus cotton in order to export duty-free from October 1 to ensure that farmers are permitted without harming the local industry to obtain fair prices for their products.

Recently, however, Agriculture Minister Sharad Pawar said the government in December, international organizations under fire after his arrival in textiles to ban cotton exports in its current ceiling on export of cotton, review.

Domestic textile industry, on the other hand, the domestic availability of cotton is of the opinion that a clear picture will not come at the end of March 2011 is one.

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