Business Standard

Wednesday, January 08, 2025 | 06:20 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Jute industry stares at nearly Rs 8 billion loss on dilution plan

Total packaging requirement for RMS is pegged at 11.26 million bales and the dilution proposed is 10 per cent of this requirement

Jute
Premium

Jayajit Dash Bhubaneswar
The decision by the Ministry of Consumer Affairs & Food Distribution to approve dilution of 258,000 bales of jute bags (one bale is 180 kg) for the kharif marketing season of FY18 and Rabi marketing season (RMS) of 2018-19 has unsettled the jute industry.

Total packaging requirement for RMS is pegged at 11.26 million bales and the dilution proposed is 10 per cent of this requirement.

The dilution follows an approval from the Ministry of textiles earlier for relaxing the mandatory jute bags for food grains in favour of high density polyethylene (HDPE) and polypropylene (PP) bags. 

Total requirement of jute sacking bags

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in