India Will Decide Whether To Increase Cotton Export Quotas Further.

India commerce minister Rahul Khullar said India will decide whether to increase the export quota of cotton in 2010/11 to 5 million 500 thousand bales (170 kg / bag) in mid January next year.

Comprehensive media December 22nd, India commerce minister Rahul Khullar said on Wednesday that India will decide whether to 2010/11 in mid January next year.

India is the second largest cotton producer and exporter in the world.

India trade minister Anand Sharma said on Tuesday that the government approved the export of 2 million 500 thousand bales of cotton in 2010/11.

Prior to that, Rita Menon, Minister of textile industry in India, said that the maximum export of 5 million 500 thousand cotton packages was allowed from November 1st to December 15th, but the number of registered exporters was only about 3 million packages.

Khullar said the committee composed of the textile department, the Ministry of agriculture and the Secretary of the Ministry of Commerce will

Industry and government executives said this year

(0) (0) commenting on the other commentary of this article, launching the topic, please input the verification code. The export quota for cotton exporters is as high as 8 million packages, because the country is expected to harvest more than 32 million 500 thousand bales of cotton in 2010/11, exceeding the 29 million 500 thousand package last year.

"I think the government will approve 2 million 500 thousand bales of cotton exports in the first or second weeks of January," said Chirag Patel, chief executive officer of Jaydeep cotton fiber private limited.

This company is one of the leading exporters of cotton in India.

After the bad weather in China and Pakistan damaged local cotton crops, the overseas demand for India's cotton was also reduced.

Cotton prices jumped in India on Wednesday, and the government said it would still export 2 million 500 thousand bales of cotton, even though the deadline for December 15th expired.