Only After Meeting Domestic Demand Can &Nbsp Allow India To Export Cotton.
India textile minister Ma Lan said that he was only satisfied.
Domestic demand
After that, cotton exports can be allowed if there is any surplus.
To ease the textile industry's worries about cotton exports, federal textiles minister Ma Lan said on Friday that the central government will ensure that domestic demand is met, and that the export of raw cotton will not exceed 5 million 500 thousand bales this year.
Ma Lan said that the online registration of cotton exports has begun, and the export of cotton will not exceed 5 million 500 thousand bales.
Ma Lan said that domestic demand was about 26 million packs, only to meet domestic demand.
cotton
After the surplus is allowed to export cotton.
C Manu Nanni Di, chief minister of Tamil Nader, sent a letter to prime minister Singer last month to ensure that domestic cotton demand was met before allowing cotton exports.
Various industrial associations, especially Tamil Nader, oppose exporting cotton, saying that this will hit domestic.
Industry
。
When it comes to whether online registration of cotton exports may be dereliction of duty, Ma Lan said: "this is just online registration, not online trade, so there will be no dereliction of duty."
He said mandatory online registration is necessary for those who want to export cotton.
With regard to the recent increase in cotton prices, Ma Lan said that in the next few weeks,
Cotton price
Will be stable.
Cotton prices in the domestic market in India are 65% higher than 22400 rupees / Candy in the same period last year.
Ma Lan said, considering the interests of the weavers, the central government is eager to create jobs for them and turn cotton into clothing for export.
Ma Lan said that clothing exports in India had dropped by 12%, and the government has taken measures to increase cotton exports in the next few years.
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