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Cotton yarn restriction could lead to further price surge
Monday, 13 December 2010

The Indian government has confirmed a cap on cotton yarn exports until the end of the current fiscal year, potentially leading to a surge in global prices.

Exports of cotton yarn have been set at a ceiling of 720 million kg for the current fiscal year, significantly higher than the 580 million kg exported last year. With this figure already reached through forward contracts, the move effectively brings an end to cotton yarn exports until March 2011.