The India Government May Soon Allow More Cotton Exports.

Is there any increase between ministers of India? Cotton export The numbers are divided, and ministers from the Ministry of agriculture, the Ministry of textiles and the Ministry of Commerce will soon make the final decision on the issue.

　　 Ministry of Commerce A document has been issued on this issue, but the Ministry of textiles does not agree that the cotton export cap for this year (September -10) will be set again to 5 million 500 thousand bales (170 kg / pack).

After the domestic market reached the peak of 62500 rupees / candy (356 kg) at the end of March, cotton prices began to follow the international trend to 44000 rupees. In International market The price has dropped from US $2.46 / pound in March to US $1.63 / pound today.

As the price of natural fibers has risen sharply and hit the domestic textile industry, the government has set 2010-11 cotton exports to 5 million 500 thousand bales.

Even after the price adjustment, Spin The Ministry also disapproved of raising the export ceiling. Textile minister Rita meon recently said the government would not reset the cotton export quota to 5 million 500 thousand bales this year.

The Ministry of textiles said that this year's output forecast dropped from 32 million 900 thousand packets to 31 million 200 thousand packages, even though prices had dropped. Meon also said that the domestic textile industry needs raw material protection.

The governor of Gujarat, Narendra Modi, criticized the central government. He said the Federal Ministry of commerce limited natural resources. fibre The export policy is purely unfair to farmers.

He called on Prime Minister Manmohan Singh to allow Gujarat to export 1 million bales of cotton. Meanwhile, Dilip Sanghani, Minister of agriculture in Gujarat State, pointed out that the decline in domestic cotton prices was due to the central government's export policy of "anti farmers".

However, Nair, Secretary General of the India Textile Industry Federation (CITI), said that the government should not expand the export of cotton this year because of the decline in cotton prices. If the export ceiling is raised, the entire value chain will be disrupted.