India's cotton export ban cited US media said it was not dissatisfied with multi-China Rare Earth

world's second largest cotton exporter in India issued a statement on the 9th, allowing the March 4, namely India Ministry of Commerce, the day before the ban cotton exports have completed all formalities for shipment freight exports of cotton products to avoid the Indian exporters damage due to failure to fulfill the contract. But this is far from the expectations of the outside world, because the export was released only "a very small part."

result was China, Bangladesh, India farmers protest, India's Finance Minister, Commerce and Textiles Minister, the Minister of Agriculture on the 9th meeting to reconsider the ban on cotton exports, but fruitless. "Wall Street Journal" on the 9th that India's ban will affect China, but does not make the cotton prices rose sharply, "India is not China's rare earth cotton Although India is the world's second largest cotton exporter, but its output only of the world's 15%."

India's "Economic Times" on the 9th said that in the evening of 9 ministers met to consider the cotton export ban before the release of the Indian Ministry of Commerce issued a notice of exports, which means that there are 2.6 million bales (170 kg per bag) may be exported. India's Ministry of Commerce issued on the 5th of cotton export ban had been made, including a certificate of registration of the goods exported, causing serious dissatisfaction Indian cotton exporters.

India's ban did not affect international cotton prices. India on the 5th post ban, global ICE cotton futures prices rose in 6%. But after a few days, cotton futures prices fell daily. India's domestic cotton prices also declined.