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Cotton export doubles after lifting of ban in Sept
04
Dec '10
Azerbaijan has raised its cotton exports to almost double in October after it restarted the same in September. The country imposed a total ban on cotton exports in June 2010.

By October this year, Azerbaijan exported 2,224.4 tons of cotton valuing $2.498 million, which is 0.01 percent of the country's overall exports worth $17.365 billion. With this, the average export price of the country's exports for the initial 10 months of 2010 amounted to around $1,123.41 per ton.

The country during the month of October this year exported 273.9 tons of cotton valuing $196,300 at an average price of $716.68 per ton, as compared to October 2009's exports of 103.6 tons for $57,000 at an average price of $550.19 per ton.

Further, the country's cotton exports for 2009 stood at 17,371 tons valuing $17.358 million. The commodity exports for the month of December last year came to 795.9 tons for $890,900.

Cotton exports last year constituted 0.12 percent of the country's overall exports.

Fibre2fashion News Desk - India

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