June 8, 2011 9:10 PM

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Centre allows exports additional 10 lakh bales of cotton

The government on Wednesday decided to allow exports of an additional 10 lakh bales of cotton during the current season ending September. The decision to allow exports of additional bales was taken by an informal group of ministers which met in New Delhi under the chairmanship of Finance Minister Pranab Mukherjee.Commerce and Industry Minister Anand Sharma told reporters after the meeting that with this, the total exports will be 65 lakh bales. Exports of 55 lakh bales (170 kg each) have already been allowed for 2010-11 season (October-September), the bulk of which has already been shipped out.

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