A Group of Ministers (GoM) will meet next week to discuss whether to allow additional cotton exports in the 2011-12 marketing year ending September.
"The GoM on cotton will meet next week," Commerce Secretary Rahul Khullar told reporters here.
On March 12, the government had lifted the ban on cotton exports, which was imposed on March 5, following political pressure. However, the Commerce Ministry had stopped fresh registration of export contracts till further order.
Before the ban was imposed, the Commerce Ministry had issued registration certificates (RCs) for about 13 million bales (of 170 kg each) and out of that 9.5 million bales were exported.
The GoM, headed by Finance Minister Pranab Mukherjee, would review the supply-demand situation and consider whether to allow fresh registration of export contracts or not.
Meanwhile, the Commerce Ministry is scrutinising the RCs for about 3.5 million bales that were issued before the ban, but actual shipments had not taken place.
The scrutiny process of RCs related to cotton exports to neighbouring countries via land route have been completed.
India is estimated to have produced a record 34.08 million bales in 2011-12 crop year (July-June).
