The Cotton export, being a political issue due to having a full rejection from side of oppositional party members and Congress Party also, who says that the move is anti-farmers, the Centre is likely to plans for allowing more fresh cotton exports.
After the second-biggest producer banned over cotton fresh overseas sales last month, the government and top profile trade officials held a meeting on Monday and said 1.5-2 million bales of the fiber is expected to be allow for export in this year ending September 30.
All the trade officials, farm and finance ministers including Gujarat’s Minister Mr Ahmed Patel, Political Secretary to UPA Chairperson, Ms Sonia Gandhi, and state Pradesh Congress chief, Mr Arjun Modhwadia, met with Prime Minister Manmohan Singh after once review the cotton export scenario themselves.
They said Mr. Singh to cut of restrictions on cotton exports and to allow 20 lakh bales more for export in the current marketing season (October-September), as per estimates given by the Cotton Advisory Board, as per the sources saying.
Beside Mr. Singh, Finance Minister Pranabh Mukherjee and the Commerce Minister, Mr Anand Sharma will review the stock position with the Agriculture Minister and after that deliver Centre decision.
However, Centre has allowed Indian farm trade to record 11.5 million bales of exports in this cotton period which began on October 1, while the country has exported 106 lakh bales.
