India bans cotton exports effective immediately

RAMESH KUMAR VERMA ( CS PURSUING ) (43853 Points)

05 March 2012  

India bans cotton exports effective immediately


India has banned cotton exports with immediate effect, the Directorate General of Foreign Trade (DGFT) said on Monday without providing a reason.

"Export of cotton has been prohibited till further orders," the DGFT said in a statement. India is the world's second largest producer and exporter of cotton.

Source : uk.reuters.com