The India Ministers' Group Will Examine Cotton Export Situation On Tuesday.

2010/12/23 10:20:00 49

An official of the Ministry of trade in India said the India ministerial group would consider issuing new cotton export licenses on Tuesday night because exporters did not complete the export of 5 million 500 thousand bales of cotton during the 15 months of November 1st -12.

During the government's compulsory export registration, traders made full use of the opportunity of global cotton shortage.

But they

subsequently

To extend the export time, they said that the pickup time was delayed, which made it difficult for them to complete export before the deadline for December 15th.

The group will consider whether to release cotton that has been registered but not yet shipped and whether to export permits to every non performing exporter.

India's cotton demand has surged in recent months, and India expects to harvest 32 million 500 thousand bales of cotton per pack in 2010-11 years.

weight

170 kilograms, thanks to the enlargement of the planting area this year.

meanwhile

In other major cotton producing countries, such as China and Pakistan, cotton production is expected to decrease due to floods.