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

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Falling Back on Forward Trading

Falling Back on Forward Trading NO lean period for cotton this time. The current season which ends with August has only a few more weeks to go but any quantity of cotton is available for the asking. Except for a few select varieties which have turned a little steadier recently, cotton prices generally are almost around the lowest levels of the season. The ruling market prices of short staple varieties are about Rs 600 a candy below the official support prices and the position in respect of long staple cottons is much worse, being quoted about Rs 1,400 a candy lower than the support prices. One shudders to think of the possible impact on prices if all the cotton acquired by the CCI, the Maharashtra federation and the cooperative agencies in other states had found its way to the market as the private trade would not be in a position to handle such large quantities of cotton, especially when prices have all along been inclined to be low.

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