The India Government Will Reassess Cotton Export Quota In December

　　 New Delhi news: cancelled at home and abroad Cotton export Under the pressure of restriction, the government of India will examine cotton export quota in December.

A committee headed by the Minister of finance will review and make decisions at the end of this year. cotton Before entering the market in February. Agriculture minister Sharad Pawar revealed at an economic conference on Wednesday.

He said India will review cotton export situation in December. At present, only 5 million 500 thousand bales of cotton (170 kg / bag) are exported to India this year.

Because of the bumper harvest of cotton in India, the output of 2010-11 years is estimated to be 35 million packages. Therefore, India relaxed the export restrictions launched last year. After that, India has exported about 4 million 400 thousand bales of cotton.

Strong domestic textile industry Pressure on the India government to force the central government to limit the volume of cotton exports under tight global supply.

The Textile Organization of the European Union, Mexico and Turkey is responsible for restricting the export of cotton in India, the second largest cotton producing and consuming country in the world, in violation of the WTO rules.

Some government departments consider the interests of farmers. They believe that farmers should get the most benefits through exports. Rumors of declining production in the US have led to a record high cotton price and textile mills' panic buying in the market.

At the same time, a cotton conference was held in Maharashtra on Wednesday. The meeting requested that the price of cotton support be raised to 4500 rupees / QTL.