Is 'Transparent Price Discovery Platform' the Answer For Cotton Ginners Sector?
28 January 2022, Mumbai:
In a recent development letter written to Prime Minister’s Office (PMO) and Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Madhyanchal Cotton Ginners and Traders Association stated there has been a clamour demanding suspension of cotton futures by a section of value chain participants who do not want transparent pricing and thrive of price opacity. thehindubusinessline
The contextual fundamental state of the affairs is that " The consistent hike in cotton prices is driven by evolving trade dynamics of with the demand stripping the supply and the unequivocal sanguine demand for suspending the futures trading to prevail over price speculation is entirely prejudiced".
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