Welcome Decline in Cotton Prices

Consortium in Haste Nishtar A GOOD idea hastily implemented can do incalculable harm and even ruin the cause it seeks to promote. This might well come true of the proposed Groundnut Extraction Export Development Association which is scheduled to commence operations from January. This body has been set up mainly for stepping up exports of groundnut ox- tractions to free currency areas. The need for boosting such exports is all too obvious; there has been a very steep decline in exports to West Europe over the years. And the consortium approach has much to commend itself. What is most disturbing is the strategy that has been evolved to achieve the objective.