India: The Government Will Consider Increasing Cotton Export Quota In December.

　 India Agriculture Minister Sharad Pawar said that due to the growing demand for textile industry, India banned cotton exports in the first few months, but India farmers should have the power to take advantage of the global price rise, and global prices may fall after February.

He said, government The export of cotton beyond the 5 million 500 thousand cotton quota may be considered in December.

Some senior officials in India say that in the last week of December, the government of India may consider whether to allow exports of cotton beyond the quota.

The agriculture minister said the price is very high, but when American cotton entered the global market in February, the price is expected to decline.

Before that, farmers should take advantage of rising prices, the government's policy will take into account this factor, he said.

The government has limited the export volume of cotton this year to 5 million 500 thousand bales (170 kg / pack), as natural fiber prices continue to rise.

However, after limiting exports, domestic The textile industry is still not satisfied. They demanded a total stop of export in the first few months of the cotton year, and the cotton year began in October 1st.

D K Nair, Secretary General of the India Textile Industry Federation (CITI), said they demanded a tax on cotton exports. The current situation will soon lead to the closure or reduction of production of textile factories.

According to government estimates, cotton production in the next 2010-11 years will likely reach a record of 33 million 500 thousand bags. Domestic demand is about 22 million bales.