NC State University  |  campus directory  |  libraries  |  mypack portal  |  campus map  |  search ncsu.edu

Apr 26 2012

Indian cotton exports hit 11.5 million bales mark

Indian cotton exports hit 11.5 million bales mark

ndia has exported a record 11.5 million bales of cotton this year, a senior government official said on Wednesday, clearing product left in limbo after it banned fresh overseas sales last month on worries about domestic supplies.

India has a ban on fresh exports and no further bales awaited clearance.  Exports raced ahead of initial government estimates of 8.4 million bales of 170 kg each on higher buying by China to replish its stocks.

“We had contemplated that exports would be of 8.4 million bales, now export registration is 11.5 million bales,” A B Joshi, India’s textile commissioner, told reporters after a Cotton Advisory Board (CAB) meeting.