Indian Government Allows Further Cotton Exports01 May 2012
INDIA - The government of India yesterday decided to allow further cotton exports in 2011-12 marketing year ending September, as production estimates have been revised upwards.
According to the Times of India, "A decision has been taken to remove suspension of cotton exports registration. Registration of cotton exports will be allowed by the government," Commerce and Textiles Minister Anand Sharma told reporters after meeting Agriculture Minister Sharad Pawar.
Last month, the government had lifted the ban on exports but decided not to issue fresh registration of certificates (RCs). It only allowed shipments for which RCs were already issued before the ban was imposed on 5 March, reports the Times of India.
Congress MPs from Gujarat led by Ahmed Patel, Political Secretary to UPA Chairperson Sonia Gandhi, and state Pradesh Congress chief Arjun Modhwadia recently met Prime Minister Manmohan Singh, Finance Minister Pranab Mukherjee and Sharma and sought the removal of restrictions on cotton exports.
Yesterday's decision goes against the efforts of Agriculture Minister Sharad Pawar, after he wrote to the Prime Minister objecting to the government's export policies towards certain farm items like cotton, sugar and milk.
TheCropSite News Desk