The Government Of India Will Decide In December 13Th To Increase The Export Ceiling Of Cotton.

The Ministry of Commerce, the Ministry of agriculture and the Minister of textiles had planned to hold a meeting tomorrow morning, but the date of the meeting was postponed until Monday, because commerce minister Khullar went to Brussels tonight to attend the India EU summit held in December 10th.

He told the media: "the cotton conference has been postponed until Monday.

We will make a decision at the meeting. "

The conference will study the current trend and the price situation of natural fibers.

Previously, the government approved the export of 550 thousand bales of cotton per year (170 kg).

Cotton production is expected to be 33 million 500 thousand packages in 2010-11 years, and domestic demand will be 26 million 600 thousand packs.

In recent months, natural fiber prices have risen sharply.

Industry experts say natural fiber prices are currently breaking 43000 rupees, compared to 26000 rupees last year.

At the same time, the government set the maximum export amount of cotton yarn in this fiscal year at 720 million kilograms, aiming at helping the domestic market.

Insiders say cotton yarn prices have risen by about 85% in the past 9 months.

The total output of cotton yarn in 2010-11 years is about 3 billion 460 million kilograms, and domestic demand is 2 billion 650 million kilograms.

The textile industry has been calling for restrictions on exports of cotton and cotton yarns, which they believe are too expensive to operate.

In the 2009-10 months of October, -9 cotton exports increased to 8 million 300 thousand bales in India, compared with 3 million 500 thousand exports in the same period of 2008-09.