The Government Of India Has Allowed 1 Million 500 Thousand Extra Bales Of Cotton To Be Exported.
Relax.
Cotton export
Under the pressure of quantity restriction,
India
The government may allow 1 million 500 thousand more exports in the current cotton season.
cotton
。
In the early days, the India government allowed only 2010-11 cotton season.
Exit
5 million 500 thousand bales of cotton, which has been exhausted by exporters.
The 2010-11 cotton season is from October to September.
The cotton export expropriated by the India government in October last year
Quota
It was taken at a time when cotton prices rose sharply and hit the domestic textile industry.
Clothing units have been partially closed due to rising prices of raw materials.
But this situation occurred at the end of 3, with a sharp "U" shift, and cotton prices dropped sharply.
In the domestic market, cotton prices have dropped from 62500 rupees / Candy two months ago to below 50000 rupees / Candy (1 Candy =356 kg).
Pavel, Minister of agriculture of India, sent a letter to prime minister Singer to seek more cotton exports.
Pavel said in his letter: "domestic cotton prices are declining.
Under such circumstances, we have to know whether we export or not.
The international market is good, and I think we have to consider this problem earlier. "
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