No plan to ban cotton exports, says Pawar

New Delhi, Jul 30 | Updated: Aug 1 2008, 05:17am hrs
India doesnt have any immediate plan to ban cotton exports, agriculture minister Sharad Pawar said on Wednesday. Asked if there is any plan to restrict cotton export, Pawar quipped, Not immediately.

Textile commissioner J N Singh had on Tuesday ruled out imposing any ban or quantitative restrictions on cotton exports to bring down the prices in the domestic market.

Singh, however, admitted that the government was earlier considering to curb cotton exports.

Speaking on the sidelines of a function here, Pawar also assured of adopting a realistic approach towards lifting ban on futures trading of some farm commodities. We will take a pragmatic approach after assessing the impact of ban on futures trading of certain agricultural commodities.

Pointing out that the crop situation in the country is good, the minister admitted to crisis in some states due to low rainfall.

It is true that there is serious problem in four states--Andhra Pradesh, Karnataka, Gujarat and Maharashtra. But from this week, our reports are that the rain has started. Definitely it is quite useful for sowing operation.