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COTTON- The Cost of Clothing the Rich

October 13, 1973 The Cost of Clothing the Rich M G Pavaskar NEVER in the past have world cotton prices risen as they have at present. The rise in cotton prices has been bewildering, especially that ;n the prices of Egyptian and Sudanese extra-long staple varieties of 1,3/8" and over, Ar the first auction of this year held on September 25, the f o h price of Giza 45 ranged between Rs 9.535 and Rs 10,375 per candy of 356 leg each. This was more than two-and-a-half times the price of this cotton at the opening auctions last year, To an Indian importer, the price of this cotton would be higher still. For, the import duty of 40 per cent levied in the last budget would entail an additional burden of nearly Rs 4,150. To this .should be 'added a freight charge of Rs 155, insurance of Rs 60, contribution to ICMF export promotion fund of Rs 950, commission of Rs 155 and other forwarding expenses of Rs 550. Thus, the final cost of Giza 45 Egyptian cotton to Indian importers would work out to a fabulous, all-time high of Rs 16,400 per candy

OILSEEDS- Making the Most of Favourable Terms of Trade

Making the Most of Favourable Terms of Trade M G Pavaskar THERE has been an unprecedented boom in the world fats and proteins market during the past few months. Several factors have been responsible for the unusual rise in international prices of oilseeds, oils and oilcakes

Marketing Margins in Cotton

This paper attempts, on the basis of the findings of a survey undertaken by the authors in Dhulia and Jalgaon districts of Maharashtra, to examine the performance of the present marketing system in cotton with reference to the cost of marketing.

Futures Trading and Price Variations

It is commonly believed that futures trading accentuates short-run price fluctuations. Government as well as Forward Markets Commission have often found fault with speculative activity in futures markets for aggravating short-term price movements. At the same time, however, little empirical evidence has been presented in support of such charges against forward trading.

Why Does Organised Industry-Assail Futures Market

Assail Futures Market? Futures markets have recently become targets of attack, being responsible for several maladies of the economy. Futures trading in many commodities has been, as a result, either statutorily prohibited or quietly discontinued for want of official sanction. Strange as it may seem, it is from organised private industry that attacks on futures markets have mostly emanated. The latest target has been the jute goods futures market On closer examination it is not so surprising after all that futures trading should become the object of attack by private industry. Futures markets, wide open to competitive buying and selling, defy domination by a firm or a group. So a dominant firm seeking to control its buying or selling prices must view a futures market as an obstacle.

Shedding Darkness on Futures

Shedding Darkness on Futures M G Pavaskar Report of the Study Group on Forward Markets in Cotton, 1966; Department of Agriculture, Government of Maharashtra, 1967; pp 38 + xix;

Do Futures Markets Aggravate Rise in Prices-A Study of Bias in Futures Price Forecasts

Futures markets are time and again criticised for accentuating the vise, in commodity prices. The critics assume that there is a definite upward bias in futures price forecasts as a result of which ready prices are constantly pushed up above the levels at which they would rule in the absence of futures trading.
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