December 30, 2010 6:44 PM

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Govt. to allow fresh cotton exports from Jan 11

The government will allow fresh cotton exports of 2.5 million bales from January 11. The registration for the fresh exports begins from Friday. The Directorate General of Foreign Trade (DGFT) in the Commerce Ministry will accept applications for new registrations for seven days till January 6.Commerce Secretary Rahul Khullar told reporters in New Delhi that bales of 170 kg each, is permitted for the current season. He said that three million bales of Cotton have already been exported. The government had allowed 5.5 million bales for exports during the cotton season 2010-11. Mr. Khullar said that exporters who did not export full quantity for which Registration Certificate was obtained by them from the Textile Commissioner in October 2010 would be disincentivized.

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