The New Guidelines Allow India Cotton Exporters To Obtain Multiple Export Licenses.

Cancelled last month Cotton export restriction After that, India government Now relax the book Sales year (to September 30th) the standard of fiber export license for the remainder. The government has allowed exporters to obtain multiple licences when exporting cotton, instead of obtaining only one permit before, aiming to encourage exports, because domestic fiber prices have plummeted nearly 40% since April. Officials say a trading company can submit more than one. Cotton export application 。

In 2010-11, India is expected to produce 32 million 500 thousand bales of cotton. In the 2010-11 year, India's cotton demand expanded because of India's cotton harvest, while China and Pakistan lost production due to floods, while global stockpiles ran out. As of August 19th, cotton planting area increased by 9.4% over last year, reaching 11 million 680 thousand hectares.