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

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Uneasy but Calm

December 2. 1967 The spurt in foreign cotton prices has quite naturally had its impact on indigenous cottons which have been pushed to near their all-time high levels. However, with the increased tempo of arrivals, the upward trend seems to have been halted. Prices have softened a little during the past week. This tendency will perhaps persist for some time with the increased flow of arrivals in coming weeks. But prospects of any big fall in prices are now generally discounted. This is because crop estimates have been revised down to around 61/62 lakh bales. Could it be that lower crop estimates only reflect the prevailing firm mood of the market? Mill consumption has been increasing and it is likely to keep on the high side because of improving cloth of Make.

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