Export of Cotton

The Prices of Indian cotton (Sanker-6 variety) have increased from Rs.22,400/- per candy (spot prices) in October, 2009 to Rs.28,800/- per candy on April 16, 2010. This information was given by the Minister of State for Textiles, Smt. Panabaaka Lakshmi in a written reply in the Lok Sabha today to a question raised by Shri A. Venkata Rami Reddy and Shri P. C. Gaddigoudar.

The Minister further stated the Cotton Advisory Board on its meeting dated 8.4.2010 has revised projections of cotton exports for 2009-2010 from 55 lac bales to 80 lac bales, Government has decided to have a carry forward stock of 50 lac bales from cotton season 2009-10.

The maximum demand of cotton in the current season has emerged from China/Hong Kong and Bangladesh, the Minister added.

RM/JL- PQ 1 - USQ 4559 - LS*****