Rahul Khullar, India's trade secretary, said on Thursday that India will limit the final date of cotton exports to February 25, 2011.
Integrated media on December 30 news, Indian Trade Ministry Secretary RahulKhullar said on Thursday that India will limit the final date of cotton exports to February 25, 2011, exporters can export 2010/11 5.5 million packets of exports before that date The quantity that has not yet been shipped out of the quota.
India is the second largest cotton exporter in the world. The country has asked exporters to apply for a registration permit for the amount of cotton that has not been exported between December 31st and January 6th. The current year starts from October 1.
Khullar said that the shipment of the remaining 2.5 million bales will begin on January 11.
The Ministry of Trade stated in its earlier statement that the export deadline will be set for February 25.
The secretary of the Ministry of Trade also stated that India will consider increasing the current year's cotton exports after mid-January, when the second batch of shipments will begin.
Export demand for Indian cotton has increased as bad weather previously destroyed the output of two major consumer countries, China and Brazil.
Industry and government officials stated that India may produce more than 32.5 million bales in 2010/11, exceeding the 29.5 million bales last year.
Integrated media on December 30 news, Indian Trade Ministry Secretary RahulKhullar said on Thursday that India will limit the final date of cotton exports to February 25, 2011, exporters can export 2010/11 5.5 million packets of exports before that date The quantity that has not yet been shipped out of the quota.
India is the second largest cotton exporter in the world. The country has asked exporters to apply for a registration permit for the amount of cotton that has not been exported between December 31st and January 6th. The current year starts from October 1.
Khullar said that the shipment of the remaining 2.5 million bales will begin on January 11.
The Ministry of Trade stated in its earlier statement that the export deadline will be set for February 25.
The secretary of the Ministry of Trade also stated that India will consider increasing the current year's cotton exports after mid-January, when the second batch of shipments will begin.
Export demand for Indian cotton has increased as bad weather previously destroyed the output of two major consumer countries, China and Brazil.
Industry and government officials stated that India may produce more than 32.5 million bales in 2010/11, exceeding the 29.5 million bales last year.
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