The India Government Will Increase Its Export Quota By 1 Million 500 Thousand Bales Of Cotton.
In order to ease restrictions
Cotton export
Under pressure, the India government may allow an increase of 1 million 500 thousand bales of cotton exports this year.
Earlier, the government allowed exports of 5 million 500 thousand bales of cotton in 2010-11, and the exporters had already used them.
Export quota
。
Cotton year span October - September next year.
The insider said: "there are signs that the government will increase the export quota because farmers and ginning industry are constantly putting pressure on them."
In October last year, cotton prices rose sharply, hitting the domestic textile industry. The government therefore announced the export cap of cotton.
Clothing enterprises are rising or even partially stopped because of the price of raw materials.
However, since the end of March, the situation has undergone almost 180 major turns.
Fiber price
Sharp decline.
In the domestic market, cotton dropped from 62500 rupees / candy two months ago to the current 50000 rupees / candy (356 kg).
Agriculture minister Sharad Pawar wrote several letters to prime minister Singer, seeking to increase cotton exports.
He said: "domestic cotton prices continue to fall.
In this case, we must see if we can export.
The international market is good, and I think we must make a statement as soon as possible.
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