Farm Progress

India’s Commerce Ministry was forced to revoke a March 5 raw cotton export ban after protests from cotton-producing states.While the government lifted the ban, it decided to scrutinize contracts covering cotton that had yet to be shipped.On Wednesday, April 18, it gave the go-ahead to export 1.9 million bales under those existing contracts.

Elton Robinson 1, Editor

April 19, 2012

1 Min Read

India has cleared the way for exports of raw cotton under existing contracts, according to an article in the Wall Street Journal.

India banned cotton exports on March 5 to insure that domestic textile mills had access to a cheap local supply of raw cotton. India’s Commerce Ministry was forced to revoke the ban within a week, after loud protests from cotton-producing states.

While the government lifted the ban, it decided to scrutinize contracts covering cotton that had yet to be shipped. On Wednesday, April 18, it gave the go-ahead to export 1.9 million bales under those existing contracts, the article noted.

India could export as much as 1.5 million bales of cotton, or about a third of its production.

 

  

About the Author(s)

Elton Robinson 1

Editor, Delta Farm Press

Elton joined Delta Farm Press in March 1993, and was named editor of the publication in July 1997. He writes about agriculture-related issues for cotton, corn, soybean, rice and wheat producers in west Tennessee, Arkansas, Mississippi, Louisiana and southeast Missouri. Elton worked as editor of a weekly community newspaper and wrote for a monthly cotton magazine prior to Delta Farm Press. Elton and his wife, Stephony, live in Atoka, Tenn., 30 miles north of Memphis. They have three grown sons, Ryan Robinson, Nick Gatlin and Will Gatlin.

Subscribe to receive top agriculture news
Be informed daily with these free e-newsletters

You May Also Like