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CHINA: India may allow Surplus Cotton Yarn Export.

The surplus cotton yarn that is over and above the quantity required by the Indian textile industry, is likely to be allowed to export.

According to a senior government official, the Central government may remove the curbs over the export of surplus cotton yarn.

It is learnt that the Centre is planning to do this for a compromise solution as it wants to meet the interests of both domestic textile industry that wants raw material at reasonable prices and cotton producers and traders who want to sell it abroad so that they may get handsome returns.

Source: www.commodityonline.com

From the Egytex news archive, first published on 29 August 2010. Figures and names are as reported at the time.

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