Cotton Prices

Prices of major high quality cotton varieties have flared up by Rs 1,100 to Rs 2,400 per candy between March 1997 and May 1997.

The main reason for the increasing prices is the government's decision to release 16.60 lakh bales of raw cotton for exports in the current year.

Besides, the floods affecting areas under cultivation of high quality cotton have also taken their toll.

Some of the major players which are likely to be hit by this would be Bombay Dyeing and Arvind Mills.