India bans cotton exports effective immediately

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Reuters – India has banned cotton exports with immediate effect, the Directorate General of Foreign Trade (DGFT) said on Monday without providing a reason.

“Export of cotton has been prohibited till further orders,” the DGFT said in a statement. India is the world’s second largest producer and exporter of cotton.

(Reporting by Siddesh Mayenkar; Editing by Ted Kerr)

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