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

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COTTON-Battle of Statistics

COTTON Battle of Statistics AT the 29th annual general meeting of the Indian Cotton Mills' Federation on September 28, the chairman Satish Kumar Modi stated that in the cotton season 1986-87, "by a fanciful configuration of supply and demand, the Cotton Advisory Board arrived at an unrealistic exportable surplus" and massive exports led to a "wide mis-match between demand and supply" and consequently to an "uncontrolled upsurge in cotton prices" pushing a large number of mills into the red resulting in a marked increase in the number of mill closures. Further, he said that "had the needs of industry been properly evaluated and the supplies of cotton conserved, the distress could have been avoided". This should be a lesson for the future and the government should, "before acceding to the pressures of state agencies and the cotton trade, make a proper evaluation of the supply-demand equation and not rush with release of export quotas".

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