Related Keywords: drought and floods, due to seasonal change, during the off season, expected to stabilize in cotton price, first week of September, fluctuating price of cotton, more produce arrive at the markets, procuring cotton from producers, set up a State-level body, storing it to tide over situations, Textile Industry, Textile Minister O.S. Manian
The textile industry affected by the fluctuating price of cotton due to seasonal change, drought and floods is expected to see stabilization in cotton price in the first week of September when more produce arrive at the markets, said Textile Minister O.S. Manian replying to a special calling attention motion in the Assembly on Friday.
The Minister said that the State government was taking action to bear the financial burden and the situation was expected to improve with the next produce scheduled to arrive at the markets in the first week of next month.
