| Date: |
20-06-2011 |
| Subject: |
India Invites Application For Additional Cotton Exports |
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NEW DELHI: India has asked traders to apply for permission to export an additional 1 million bales of cotton that were allowed earlier this month, a government statement said on Monday.
India, the world's second biggest grower and exporter of the fibre, had already allowed 5.5 million bales (1 bale = 170 kg) for exports in the current cotton year which began in October.
Exporters must apply between June 20 and June 25 for the additional permitted quantity, which should be shipped by Sept. 15, the Directorate General of Foreign Trade , an arm of the federal trade ministry, said in a notice posted on its website.
Applicants must have exported in either of the two previous years (2008/09 and 2009/10), it added.
Source : economictimes.indiatimes.com
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