Monday, June 22, 1998
Cotton sector wary of futures trading
The domestic cotton economy is set to be enlivened once again with the reintroduction of cotton futures after a gap of almost 32 years. Banned in 1966, cotton futures are expected to be traded from next month at central Mumbai's Cotton Exchange at Cotton Green.
SICA: All geared up for cotton futures trading
The South India Cotton Association (SICA), one of the strong voices advocating futures trading in cotton, is fully geared up to meet the challenges if the union ministry of consumer affairs gives the green signal.
Rubber prices rebound on STC intervention
Natural rubber prices firmed in the primary commodity market in Kochi during the week ended June 19 following the intervention of STC. The prices, which crashed to Rs 33 per kg on Monday, inched up during the course of the week and closed the week at a slightly higher level of Rs 33.50. Dealers are, however, expecting the prices to stabilise below the Rs 34 per kg mark.
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