India will not ban cotton exports – Textile Minister

There is no ban on cotton exports from India for the season 2012-13.

According to an official press release, Anand Sharma, Cabinet Minister of Textiles, India, in a written reply today to Lok Sabha, the Lower House of the Indian Parliament stated that there will no ban on cotton exports for this season.

The letter also states that according to Cotton Advisory Board, India will have an exportable surplus of 7 million bales (170 Kgs each). According to the Minister, export registrations till November 5th this year have reached 450,000 bales.

According to Government projections, India is estimated to produce 33.4 million bales this season (October 2012-September 2013).

Source: Fibre2fashion