The government on Monday banned cotton exports to increase supply of the natural fibre
in the domestic market.
"Export of cotton has been prohibited
till further orders," the Directorate General of Foreign Trade (DGFT) said in a notification. Exports against registration certificates already issued will not be allowed either, it said.
India has already exported about 85 lakh bales (170 kg each) of cotton
in the current marketing year (October-September). It had shipped 66 lakh bales overseas in the 2010-11 marketing year.
The Cotton Advisory Board has projected 355 lakh bales of cotton production in the 2011-12 season.
In August, the government had removed restrictions on the export of the natural fibre and permitted shipments under OGL till September 2011.