Jute Corporation Of India

The Jute Corporation of India (JCI) is expected to procure at least 50 per cent more raw fibre in the current jute year (2023-24) than the previous year, in the wake of a bumper season of the crop, a senior official said on Wednesday. The JCI is mandated by the government to carry out Minimum Support Price (MSP) operations for raw jute from farmers. This year, the average MSP price is Rs 5,050 per quintal. "In the current jute crop year of 2023-24, which began on July 1, raw jute procurement is very high. As of mid-September, we have already procured 2.30 lakh quintals. We expect the operation to run for the entire year and the total procurement to be over 50 per cent, or 6-7 lakh quintals over the previous year," JCI General Manager K Mazumdar told PTI. In the last fiscal jute season, the JCI procured a record 4.34 lakh quintals of jute. "This year is a bumper jute crop and production is expected to be 91 lakh bales," Mazumdar said. He said that 110 direct JCI procurement centres

JCI alleged that the complaint had been filed merely to avoid repayment of the loan taken against the value of the jute.

These bags have an aluminium foil lamination so that the laddoos retain freshness and aroma and remain free from moisture and bacteria

In an industry known more for industrial violence and lockouts, the excitement is palpable at the surge in demand, after decades of stagnation, whether from the government or from global retailers

CCEA has found that JCI and other cooperatives have procured under 4% of the jute produced in the country in the past five years

In what may signal a makeover of the Jute Corporation of India (JCI), the state controlled agency is planning a tie-up with Patanjali Ayurved Ltd for branding and promotion of jute diversified products like mini shopping bags and some fashion items.Historically, JCI has been tasked with undertaking MSP (Minimum Support Price) operations of raw jute. JCI diversifying to marketing and branding of value added jute products indicates the corporation reinventing its role. JCI's chairman cum managing director (CMD) KVR Murthy is understood to have visited the Patanjali's headquarters at Haridwar to discuss the tie-up. The issue of recasting JCI's role also cropped up during a recent meeting of the Union textiles ministry. It was decided to market value added and fashionable jute products under the 'Sonali' brand. If the deal with Patanjali fructifies, JCI intends to introduce mini shopping bags at Patanjali stores in metro cities. A collaboration with Patanjali, one of the fastest growing ..