India likely to export up to 2.6 million cotton bales
December 05, 2010
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Indian cotton exporters are likely to ship less than 50 percent of the 5.5 million bales allowed in the 2010/11 season, a senior government official said on Tuesday, which could tighten the global supply situation.
India, the world's second biggest producer and exporter of the fibre, had allowed exports of 5.5 million bales from November 1, but asked exporters to ship the stipulated quantity before December 15.
Arrivals were low in Gujarat and Maharashtra due to rainfall," a senior official at the Ministry of Textiles, who declined to be named, told Reuters.
The western states of Gujarat and Maharashtra are the top two producers in the country."We haven't decided over giving an extension.
The government will take a call in mid-December," the official said, when asked whether the ministry would give extra time for exports.
Overseas demand for Indian cotton has increased after bad weather hit crops in China and Pakistan, both leading consumers.
India is likely to produce over 33 million bales in 2010/11, sharply higher than last year's 29.5 million bales, industry officials said.
Copyright Reuters, 2010
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