Trade Dictates Cotton Prices

Trade Dictates Cotton Prices D P Sharma THE rise in cotron and yarn prices has, of late, been the subject of an animated debate reflecting the conflicting interests of the participants in the debate. Reports of discussions the representatives of the industry have had with the textile ministry at various levels indicate widely varying perceptions with each segment offering suggestions for remedial action best suited to subserve its own interest. The official approach to dealing with the complex phenomenon of rise in prices seems to have been influenced less by its own thoughtful assessment of the prevailing market situation than by the alarm signals raised by the decentralised weaving sector highlighting the serious repercussions of the rise in yarn prices on its declining fortunes.