Chinese demand may fan India’s cotton exports

Jan 26 2013, 02:05 IST
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SummaryAs China piles up stocks after last year’s lull, global cotton prices are likely to get a boost, helping Indian shipments.

P Chidambaram and textiles and commerce minister Anand Sharma. To facilitate exports, the ministerial panel had also relaxed cotton shipment registration rules. Traders can now export up to 30,000 bales of cotton against each contract compared with 10,000 bales.

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