The Government Of India Will Decide Whether To Extend The Export Time Of Cotton.
The India government allows 5 million 500 thousand bags to be exported. cotton The final export deadline is December 15th, but India exporters are at present Export to date Number Less than half of the 5 million 500 thousand packages, the worries of the domestic textile industry have been alleviated.
India textile minister Rita meannong revealed that according to the government's decision, India cotton export began to release in November 1st, and 5 million 500 thousand bales of cotton must be exported in December 15th.
But so far, the total number of India's exports is about 2 million 500 thousand bales.
At present, India's ministerial leaders must decide whether to extend the export time of cotton.
Ministers from the Ministry of finance, commerce, agriculture and textiles will hold a meeting to decide whether to extend the export time of cotton.
Meon further added that the government would carefully check all registrations to ensure its authenticity.
First, the government will examine the validity of the registration contract and see the gap between the number of exports and the number of export registrations.
Then, the government can make appropriate policy decisions.
In September this year, the government of India decided to export cotton this year, but it was opposed by the entire textile industry. They say that the export of cotton causes the price of domestic raw materials to rise, causing the domestic textile industry to be harmed.
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