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India clears export of 1.9 mln bales of cotton in two months

India will export about 19 lakh bales in the March-April period, according to numbers from the ministry of commerce.

The ministry said that by about 11 of this month, about 10 lakh (1 million) bales of cotton have been cleared for export, while another 9 lakh bales are expected to be cleared by 17 of this month.

India had blocked the export of raw cotton on 5th March, 2012.

After protests by cotton growers, the ban was revoked on 12th March, 2012.

The Government has directed that priority be given to such cotton that had been pending for export through Land Custom Station on Indo-Bangladesh, Indo-Myanmar, Indo-Pak, Indo-Nepal and Indo-Bhutan borders. The next priority was to be given to cotton that had been handed over to Customs.

“Such cases were revalidated on 23rd March, 2012 and again on 28th March, 2012,” the ministry said.

“Export of approximately 19 lakh bales of cotton would give a fresh impetus to cotton prices and would benefit both farmers and exporters,” the ministry said.

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