Cotton is trading above ₹50,000 on MCX. There was a jump of ₹1300 in May futures. In the same year, the price of cotton increased by more than 40%. To give relief to the textile industry, Union Textiles Minister Piyush Goyal is going to hold a meeting with the stakeholders of the industry. Under the chairmanship of Piyush Goyal, this meeting is going to be held on May 17, 2022 at 1 pm. Cotton, textile and yarn industries and other stakeholders of the industry will be present in this meeting. According to the information, in this meeting, the Textile Minister will discuss many issues including giving relief to the textile industry, controlling the ever-increasing prices and reducing the duty.