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

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Half-Measures in Cotton

Half-Measures in Cotton A Correspondent writes: THE measures announced by the Foreign Trade Minister in the Lok Sabha on December 8 to ensure equitable distribution of cotton among mills during the next six or seven weeks betray either lack of understanding of the underlying causes of the present cotton crisis or want of courage on the part of the Government to adopt unpalatable but bold steps to meet the situation squarely. Verily, the authorities seem to be chasing shadows. The lowering of the ceilings on cotton stocks that mills can hold, speedy distribution of the import quotas announced, import of additional 5 lakh bales of cotton during the current season and cut in the staple length limit for imported cotton would no doubt somewhat ease the cotton price situation to the benefit of the mills. But these measures are at best short-term palliatives; they arc unlikely to ensure that similar situations of acute shortage will not develop in future. In fact, in attributing the present cotton crisis to the delay in the arrivals of the early crop, the Government has simply swept under the carpet the major issues involved and yielded to the powerful pressure of the mills. No wonder, the ICMF has welcomed the Government plan.

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