India Government Again Restricts Export Of Cotton Yarn

2011/5/16 10:28:00 27

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India Cotton Yarn Export

The federal government of India once again decided to limit it.

Cotton yarn

Export, the export cap in fiscal year 2011-12 is 845 million kg, higher than the last one.

Fiscal year

720 million kilograms of restricted quantities.

From March 31st to now, cotton yarn

Exit

No restrictions, though registration is necessary.

India

Spin

Ministry of Finance and Ministry of Finance

Business affairs

The Ministerial Conference made the above decision.

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 say that most of the textile mills this year have carry over stock and produce yarn, and export is 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.

Meanwhile, cotton planting area has been revised upwards this year, from 10 million 300 thousand hectares to 11 million 160 thousand hectares.