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Maharashtra s Rural Health Services Scheme-An Evaluation
December 16, 1978 ous speed through arbitrage techniques to exploit price differentials.
As the above analysis pointedly suggests, the alleged pristine operation of the 'market forces' of supply and demand have been severely abridged by the very mechanisms of the futures market where an exiguous number of giant multi-commodity traders exercise a pervasively powerful influence on world cotton prices. Of pivotal importance in the world cotton economy is that these inherently unstable price quotations from the New York Cotton Exchange are immediately disseminated globally, and act as the barometer for cotton prices in producing countries.