Goyal tells stakeholders to resolve cotton price issue

NEW DELHI: Union Minister Piyush Goyal held a meeting with stakeholders from the cotton value chain to discuss the unprecedented price rise witnessed in cotton and yarn prices in the current season, the Textiles Ministry said on Wednesday.

Goyal asked the stakeholders to resolve the price rise issue with collaboration without pushing the government to intervene which, the minister warned, would have a longterm impact on cotton value chain, the ministry said in a release.

During a meeting with stakeholders from the cotton value chain on Tuesday, the textiles minister “gave a clear and loud message to all stakeholders to resolve cotton and yarn price issue, in the spirit of collaboration rather than competition and super profiteering, without pushing government to intervene as it may have long term impact on cotton value chain”, it said.