ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Unsettled Again

It is true that the 1967-68 harvest is likely to yield 64/65 lakh bales of cotton; reports of damage to the standing crop in Vidarbha are highly exaggerated. The supply is being augmented by import of 10/11 lakh bales. But this will be just sufficient to ensure regular supply of raw material to the industry which had to curtail its machine activity last season due to acute shortage of cotton. With its installed capacity of 16.8 million spindles, the Indian cotton mill industry is capable of consuming substantially larger quantities of cotton than have ever been made available to it in the past. The chronic imbalance in demand and supply is more faithfully reflected in the rising trend in cotton prices over the years.

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