Resumption of Hedge Trading

Dietrich Genscher has been saying. He will now have all the more reason to insist on this position and in this he will have the back- BUSINESS MANY weeks have gone by since the first instalment of the 2.50 lakh bale export quota for long staple cotton got fully utilised. But New Delhi has still to take a decision in regard to the release of the balance quota of 3.50 lakh bales to fulfil its commitment under the long term policy to export six lakh bales annually for three years. One wonders whether the dealy in the announcement of the fresh export quota simply reflects the government's casual approach to dealing with even important issues or whether it is attributable to the strong opposition by the powerful textile lobby. The cotton mill industry has never taken kindly to the export of cotton for the simple reason that it tends to reduce domestic availability thereby imparting a hardening tendency to prices. The industry has already raised a big hue and cry over the sharp rise in cotton prices