Ethiopian govt may ban cotton exports

published 576 days, 16 hours, 7 minutes ago posted by adminadmin 576 days, 16 hours, 15 minutes ago
Saturday, October 23, 2010 5:17:40 AM GMT Saturday, October 23, 2010 5:09:35 AM GMT

A proposal to ban raw cotton exports had been drafted by the Ethiopian Textile Industry Development Institute (ETIDI) and in all likelihood, the Ethiopian government is planning to impose the ban.

The textile sector has been insisting on banning exports of raw cotton for the main reason that domestic demand for the white gold has outstripped the supply, and if it runs short, cotton will have to be imported by spending valuable foreign exchange.

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