Price volatility in the cotton yarn industry

In Section 2, the paper will look into the importance of the cotton industry to India, and will then move on to describe both the value chain and the cotton and cotton yarn price volatility that affects each actor along it. [...] The presence of this enormous workforce, second only in size to that of agriculture,1 points to the continued importance of the sector to Indian society, despite the pressures of modernization and globalization. [...] The economic results for these exporting countries, according to the World Bank, were disastrous: the Bank estimates that the MFA cost the developing world 27 million jobs and US$40 billion per year in lost exports.9 During the Uruguay round of the GATT (from September 1986 to April 1994), it was decided that the MFA quotas be dismantled over the next 10 years and that the textile industry be brou [...] Despite its issues, the spinning mill sector remains the most organized part of the textile industry, due to the centralized nature of the spinning activities and its sheer scale of production. [...] Hopefully these advantages can be 31 The yarn count measures the thickness of single yarns; the higher the measure, the finer the strand.