India Has Allocated 1 Million 900 Thousand Packs Of Export Cotton.
In late January 10th, the India foreign trade administration (DGFT), the Ministry of Commerce and the government of India will have 1 million 900 thousand packages.
cotton
They are distributed to 928 traders, weighing 170 kilos a pack.
The 1 million 900 thousand bales of cotton are estimated to be those left over by the 5 million 500 thousand package export quota.
The government requires the dealer to submit the required documents by January 24th, and the government will allow them to ship the export according to the documents.
Trader
Or their representatives must submit their documents to the headquarters of the General Administration of trade in New Delhi on a specified date.
After checking the documents in person, traders will get export licenses or shipping registration certificates.
The review will begin in January 11th and end on January 25th.
After receiving the shipping permit, the dealer will have 30 days to complete the export, and the actual shipment deadline is February 25th.
The minimum quantity allocated to each trader is 500 packs, most of which are
dealer
They got 500 bags.
The names of the 928 dealers have been made public and can be inquired on the website of the General Administration of foreign trade.
2010-11 years of cotton production forecast increase, so the number of exports in India may be greater than 5 million 500 thousand packages, but as of today, there is no such news.
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