DEMAND FOR BAN ON SOUTH ASIAN COTTON EXPORTS
October 1st, 2009
BY RAGHAVENDRA VERMA
AN INDIAN textile mills federation is demanding an immediate ban on cotton exports as weak production in the country is leading to a "grave situation" for industry supplies. The Southern India Mill Association says a delayed monsoon and heavy floods in many cotton growing areas may lead to a 10% lower output in the world's second largest producer of cotton.
Although the annual requirement of the Indian industry is only 24 million bales (170 kg each) against the expected production of 26 million bales, but much of the 15 million ...
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