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

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Cotton Boom Petering Out

COTTON prices have suffered an all-round decline, ranging between Rs 35 and Rs 75 a candy, over the past week or so. However, this does not bring the prices anywhere near their statutory ceilings; it is only the unofficial premiums that have come down. However, the current decline might well mark the beginning of the end of the boom which had carried prices to fantastic levels. The so-called 'vigorous requisitioning' by the Textile Commissioner has hardly anything to do with the recent setback in cotton prices. The total quantity of cotton requisition- ed so far

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