CITI Calls for Cotton Export Restrictions

摘要

The Confederation of Indian Textile Industry (CITI) is calling for annual cotton exports to be restricted to the 5.5 million bales already announced by the Indian government. When registration of cotton export contracts opened on October 1, 5.5 million bales earmarked for registration were applied for in ten days. According to the Confederation, allowing cotton exports to take place from November I onwards has removed a substantial portion of the crop arriving in the market, creating an artificial shortage.