India Cotton Export Chaos Caused By The License System Unknown

Insiders say that India The new licensing system introduced by the central government is not clear enough. Cotton export There was chaos.

The central government of India banned cotton exports in April 19th, but because of protests by cotton growers, the government lifted it in May 21st. injunction The new permit system is used to manage exports.

N M Sharma, chairman of the Gujarat cotton Cooperatives Association, said that it is not clear to stakeholders how to export cotton under the central government's license system.

After the ban on cotton exports, cotton is now included in the restricted trade category.

He added: "we are waiting for the guidelines issued by headquarters on how to implement the new cotton export license system."

According to the cotton outlook data in May 11th, the export contracts registered in India were approximately 8 million 526 thousand packages (170 kilograms), of which 7 million 356 thousand packages had been exported.

An official of the Cotton Corp in India said the shipment of 1 million 170 thousand bales of cotton remained unresolved.

At present, the price of cotton in Gujarat is 29800 rupees / 356 kilograms.