India'S Commerce Ministry May Continue To Ban Cotton Exports

according to New Delhi According to the news, India The Ministry of Commerce expects to continue to prohibit the issuance of new export registration certificates. Although the ministerial group headed by finance minister Pranab Mukerjee will ultimately make decisions in the next few days, the Ministry of Commerce and the Ministry of textiles insist on their position, which they believe is new. cotton Opening the door to exports will result in almost no domestic cotton enterprises meeting domestic demand.

The Ministry of Commerce believes that exports are concentrated in the hands of a few people, and only a small number of exporters are responsible for large-scale exports. In addition, most of the exports have entered China, while China is stockpiling large quantities of stocks, and China's reserves have increased by more than 60%.

India's Ministry of Commerce issued a statement on Friday, saying it had completed its consideration of all cotton export contracts at India land customs station. According to the deliberation, the General Administration of foreign trade will also determine the proportion of speculative exports.

India banned cotton exports in March 5th and opened half the window a week later. The government tried to reconfirm the certificate of registration issued in March 16th, but it stopped on Thursday.