The government might review cotton export shipments so far this season before deciding on whether to extend the December 15 deadline for dispatching export cargoes, Textiles Secretary Rita Menon said today.
“First, we are going to see what the valid registrations are, then we will see the gap (between actual shipments and export allowed) and then we will take a policy decision,” Menon said.
The government had capped cotton exports in the current marketing year, which started October, at 5.5 million bales to rein in local prices, which had risen about 50 per cent within a quarter in line with surging global prices.
It had allowed the textiles commissioner to start cotton export registrations from October 1.