Resolve cotton pricing issue through collaboration: Minister Goyal

The minister, who also holds the portfolios of commerce & industry, consumer affairs and food & public distribution, was intervening to resolve issues regarding cotton yarn prices between cotton yarn manufacturers and the downstream industry.

Pricing issue of cotton bales and yarn for the industry should not be allowed in any manner to affect better prices that farmers are getting, he was quoted as saying in an official release.

“No one should force the government to intervene. Let free and fair market forces play out. Super normal profits should not be booked for short-term goals”, he added.

ALCHEMPro News Desk (DS)