India Likely to Export 8mn Cotton Bales This Season

India is likely to export 8 million bales (1 bale = 170 kg) of cotton during the current season which began on October 1, 2011, the country’s Parliament has been informed.

In a written reply to the Lower House of Parliament, the Minister of State for Textiles, Ms. Panabaka Lakshmi, said the Cotton Adivsory Board (CAB) has estimated the country’s cotton exports during 2011-12 cotton season to be 8 million bales, after reviewing the cotton availability in the country on November 15.

Last year, India’s cotton exports stood at 7 million bales. Initially, the Government had put a cap on the export of cotton at 5.5 million bales in view of the rising prices of the natural fibre. Subsequently, the Government allowed export of another 1 million bales and thereafter it completely removed restrictions on the export of the raw material in September this year and permitted cotton exports under the Open General Licence (OGL).

CAB has estimated India’s cotton production this season at 35.6 million bales compared to 32.5 million bales produced last season.

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