After prohibiting wheat exports to control spike in wheat prices, the Government on Thursday tried to address fears regarding rising prices of cotton.
Minister of Commerce and Industry Piyush Goyal met with stakeholders in the cotton sector and appealed to them "to divert only surplus cotton and yarn for exports". The cotton price rise is part of the "commodity shock" that the Ukraine war has generated across the world.
The textile community should supply cotton first to the domestic industry, Mr. Goyal said. Meeting stakeholders in the cotton value chain, he urged the community to support cotton farmers, spinners and workers. The Minister also launched Cotton Council of India under the chairmanship of Suresh Bhai Kotak.
