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The Centre has been saying that it will review the cotton export cap of 55 lakh bales (of 170 kg) after February 10. But the fact is that it has already allowed 58 lakh bales of cotton for exports.
According to sources, initially the Textiles Commissioner Office had reported that of the 55 lakh bales that were to be exported by December 15, 36 lakh bales had been shipped out.
Based on the Textiles Commissioner Office's data, the Directorate-General of Foreign Trade has allocated 19 lakh bales of the unutilised cotton for shipments abroad.
However, data collated now by the Government show that by December 15, 39 lakh bales have been exported.
A Cotton Advisory Board (CAB) sources differed with the data and said 38.4 lakh bales had been shipped by December 15.
“The result is nearly three lakh bales of additional cotton is being exported in view of the late collation of data,” a trade source said.
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