The India Ministers' Group Will Decide In June 2Nd Whether To Expand Cotton Exports.

New Delhi, India's informal ministerial group (GoM) may meet in June 2nd to decide whether to expand the 5 million 500 thousand package this year. Cotton export Upper limit.

The group consists of finance minister Pranab Mukerjee (Pranab Mukherjee), federal agriculture minister Sharad Pawar, Minister of industry and Commerce Anand Sharma (Anand Sharma) and federal textile minister marang (Dayanidhi Maran).

The group of Ministers is expected to review the current situation, especially in the near future. Textile mill Shut down and protest the decline of yarn exports. The ministers will scrutinize the export cap of cotton because farmers and ginning mills demand increased natural resources. Fiber outlet 。 The cotton time is from October to September next year.

The Ministry of agriculture supports the export of natural fibers more than 5 million 500 thousand bags (170 kg / bag). Similarly, the Ministry of textile industry supports the revision of this year's export limit for natural fibers.

The ministerial group is expected to sort out different opinions from different departments at the meeting, because their projections for output are different.

The Ministry of agriculture predicts that cotton production will be 33 million 900 thousand bales this year, and the Ministry of textile industry predicts 31 million 200 thousand production. Earlier, the government allowed exports of only 5 million 500 thousand bales of cotton in 2010-11 years, and exporters had exhausted their export quotas.

In October last year, India's domestic cotton prices rose sharply, hitting the domestic textile industry, and the clothing industry was partly closed even because of the rising price of raw materials. Therefore, the government set a cap on cotton exports.

However, since the end of March, there have been almost 180 major turns, and there has been a sharp decline in natural fiber prices.