India Government Again Restricts Export Of Cotton Yarn

The federal government of India once again decided to restrict exports of cotton yarn. The export limit in fiscal year 2011-12 was 845 million kg, higher than the 720 million kg limit in the previous fiscal year.

From March 31st to now, Cotton yarn Exports are not restricted, although registration is required.

The above decision was made by the joint conference of the Ministry of textiles, the Ministry of Finance and the Minister of Commerce of India. The notice will be issued soon.

The government is also considering setting a similar ceiling for cotton exports. However, these officials believe that it is too early to consider the issue of export restriction due to the fact that the output has not yet been assessed. However, they said that most of the textile mills this year had carry over inventory production. yarn Exports are also in progress. Therefore, it is proposed to set a limit to prevent the shortage of yarn when new cotton enters the market, so as to prevent any accidents.

During this period, the production estimate may be around 31 million 200 thousand bales. Last month, the Cotton Advisory Committee cut its 2010-11 - year production estimate to 31 million 200 thousand packages, compared with an earlier estimate of 32 million 900 thousand packages.

At the same time, this year Cotton planting The area was revised upwards from 10 million 300 thousand hectares to 11 million 160 thousand hectares.