export restraints on cotton The Indian restraints
have contributed to an enormous increase in the price of cotton for
non-Indian textile producers around the globe. Since India began
restricting the export of cotton in April, the price of cotton has
increased by nearly 100 percent, from 62 cents per lb to $1.20 per lb.
According to the Wall Street Journal, cotton prices have hit all time
highs in recent weeks The Indian action has
come as world supply of cotton has tightened amid increasing demand and
disappointing cotton crops in several large producing countries. As the
second largest exporter of cotton, India is enjoying one of its largest
cotton crops in history but has dramatically restricted its exports
over the last six months”.