Indian cotton stocks lower than reported - sportstextiles: Lea SportsTextiles

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Indian cotton stocks lower than reported

14/07/2011
Reports from India say the government may not allow further exports of cotton this season because stocks are reported to be lower than earlier reported.

The newly appointed minister for textiles, Anand Sharma, has said the government is monitoring the situation carefully to determine how much cotton is surplus to India’s own requirements.

At one point, the ministry estimated that stocks were at a level of 5.5 million bales; indications now are that the real amount is only 1.7 million.

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