| Date: |
12-10-2010 |
| Subject: |
India stops cotton export registration at 5.5 mn bales |
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MUMBAI: India has suspended the online process of registering cotton exports after receiving applications equal to the stipulated exportable surplus of 5.5 million cotton bales, said a statement on the Textile Commissioner's website on Monday.
The government has allowed exports of 5.5 million bales in 2010/11.The registration for 2010/11 season began on October 1. The statement further said export registration process may be resumed if exportable surplus quantity becomes available.
Cotton output in India is likely to jump to a record 35 million bales in 2010/11, higher than prior estimates of 32.5 million bales on better yields, a leading exporter said.
Source : economictimes.indiatimes.com
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