India Not to Ban Cotton Exports

The industry was in for a shocking surprise when India announced an unexpected ban on cotton exports in 2010 and again in 2011. However, according to an official press release, Anand Sharma, Cabinet Minister of Textiles, India, sent a written statement confirming the ban has been lifted. The written statement confirms the 2012/2013 season will have an exportable surplus of 7 million bales.