New cotton arrivals this season affected by demonetization

Related Keywords: artificial supply shortage, demonetisation affects cotton arrival, fall in daily arrival, farmers not bringing cotton to mandis, ginning factories, Indian Cotton Federation, inventory accumulating, New cotton arrival in market, prevalence of cash, price of Shankar-6 cotton up, price remain firm, Textile Industry, thrity percent drop in arrivals

Coimbatore
New cotton arrivals this season affected by demonetization
Summary: 
Demonetization has affected cotton arrivals in the market as farmers are not bringing cotton to the mandis due to widespread prevalence of cash payments. . There has been a 30 percent drop in arrivals, said Atul P Asher, secretary, Indian Cotton Federation (ICF). Business has come down and only 10% of the ginning factories are operating.

Demonetization has affected cotton arrivals in the market as farmers are not bringing cotton to the mandis due to widespread prevalence of cash payments. . There has been a 30 percent drop in arrivals, said Atul P Asher, secretary, Indian Cotton Federation (ICF). Business has come down and only 10% of the ginning factories are operating.

http://timesofindia.indiatimes.com/business/india-business/Cash-crunch-affects-cotton-arrivals-in-new-season/articleshow/55765181.cms
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