Raw cotton exports to resume from Nov 1
The Government of India has now decided to permit exports of raw cotton from November 1, instead of the earlier decision to resume them from October 1, 2010. This was divulged by the Textile Secretary, Ms Rita Menon, who said that the Group of Ministers (GoM) decided to permit exports of up to 5.5 million bales from November 1.
However, she added by saying that, registrations of export contracts will begin from October 1, as was decided earlier.
The GoM had a tight rope walk, as it was under intense pressure from both the extreme ends of the textile value-added chain, the cotton exporters as well as spinners and clothing exporters.
The GoM also decided not to levy any regulatory duty on exports of the 5.5 million bales; however it will be up for review on October 15, depending on the crop estimates that would be available by then.
转载本网专稿请注明出处“中国纺织网”
编辑：纺织网
「相关报道」
免责声明：浙江网盛生意宝股份有限公司对中国纺织网上刊登之所有信息不声明或保证其内容之正确性或可靠性；您于此接受并承认信赖任何信息所生之风险应自行承担。浙江网