Thereafter, surplus cotton as estimated by the Cotton Advisory Board, headed by the Textile Commissioner under the Ministry of Textiles, be allowed to be exported during 2010-11 in a calibrated manner. A minimum of 60 lac bales carry forward, which is stock-to-use ratio of 25%, should be maintained for the next season (2011-12) to take care of vagaries of nature. Mistakes with regard to cotton export policy made in the current season should not be repeated in the new season. The livelihood of millions employed in this industry is at stake.
He stated that calibrated export of cotton from the country is in no way going to affect the remunerative prices being given to the farmers since they are protected by MSP which was increased by over 40% in Sept 2008 and the increasing local demand for cotton in the coming months.
Northern India Textile Mills Association (NITMA)
marketing@alchempro.com
