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

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COTTON-Unaffected by Drought

COTTON Unaffected by Drought THE textile industry should offer grateful thanks for the cotton crop being saved from the ravages of the drought which has had a devastating impact on alt other major kharif crops. Inquiries with a cross- section of knowledgeable persons connected with cotton indicate that, on current reckoning, the crop could well be placed anywhere between 99 lakh and 105 lakh bales (170 kg each). The late August- September rains and favourable weather conditions during October are said to have brought about a profound change in the outlook for the cotton crop. If the 1987-88 crop turns out to be as good as is now widely expected, the textile industry will have little cause to worry about the availability of raw material to maintain its operations at a record high level for meeting the domestic and expanding export demand for yarn/fabrics and garments. How cotton prices will behave during the current season is difficult to say. Quite a good deal will depend on the overall performance of textile exports, domestic cloth offtake and government's policy in regard to export of cotton. Perhaps all that one could venture to say with reasonable certainty is that this season cotton will be available to the industry at prices much below those it had to pay in 1986-87. In any case, there is little chance of cotton prices rising to anywhere near their last season's record high levels.

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