Cotton pricing best left to the market

Prices of popular cotton varieties in India have spiked by 7-8 per cent in February-March 2013 due to bullishness of the domestic and overseas market. Textile mills are crying, “wolf” and seeking Government intervention to rein in this escalation. There are many stakeholders in cotton business — farmers, aggregators, ginners, traders, government trading entities such as Cotton Corporation of India (CCI) and NAFED, merchant exporters, mills, skilled and unskilled labour.

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