India to Resume Unrestricted Export of Cotton
May 3, 2012 On April 30, India decided to allow unrestricted export of cotton for this marketing year ending September 2012.
After meeting with the national Agriculture Minister, Anand Sharma, India’s Commerce and Textiles Minister, has made the decision to allow fresh registration of cotton for exports, according to a report by the Press Trust of India.
The Ministry of Agriculture strongly opposed the government’s current export policies of items such as cotton and sugar. The Ministry of Agriculture had higher cotton production estimates than the Ministry of Textiles
There will not be any additional restrictions on registration for exports, and the cotton situation will be reviewed every 2-3 weeks by a special group of ministers, Sharma said.
The decision stems from this year’s upward revised cotton production estimate of 34.7 million bales (170 kg each) by India’s Cotton Advisory Board.
The export decision has received quick and strong reactions from cotton and textiles associations.
The Southern India Mills’ Association has strongly opposed the decision by the Indian government and released a press release requesting an appeal to the Prime Minister of India to prevent further cotton exports.
Kishore Tiwari of Vidarbha Janandolan Samiti, a group representing cotton farmers, in a communication to this scribe has hailed the government’s decision to allow unrestricted export of cotton.
GET THE NEWSLETTER TODAY!
