Monsoon to the Rescue

have been reluctant to dispose of their goods at a loss. How long they can sit tight on their stocks in the hope of realising better prices is anybody's guess. Because of the long delay in arrivals the pressure of foreign cotton has still to be felt Unofficially, actual arrivals of foreign cotton are placed around 4.50 lakh bales which is loss than half the quantity already released. However, the overall supply position of cotton being far from comfortable, cotton prices cannot be expected to develop any pronounced weakness. The tendency in the immediate future might be more up than down.