Page 2 - Jute

Centre reduces raw jute stock limit to facilitate supply to mills

In a recent notification issued by Office of Jute Commissioner, max stock limit has been brought down to 500 quintals for jute balers from 750 quintals and 50 quintals for traders from 150 quintals

Raw jute MSP hiked by Rs 250 to Rs 4,750 a quintal for 2022-23 season

Jute Corporation of India will continue as central government nodal agency to undertake price support operations and the losses incurred, if any, in such operations, will be fully reimbursed by Centre

Jute industry struggles to meet packaging demand amid Covid crisis

Around 4.8 lakh bales of jute bags worth Rs 1,500 crore could not be supplied and were replaced by plastic in November and December 2021

Jute industry lauds govt for retaining reservation norms in packaging

The jute fraternity on Wednesday applauded the government's move

Cabinet mulls hiking minimum support price for procuring raw jute

The Union Cabinet is believed to have considered a proposal to raise the support price for procuring raw jute during its meeting on Wednesday, according to sources.

Nadda welcomes Cabinet's decisions on ethanol price, jute packaging norms

BJP president JP Nadda welcomed the decisions of Prime Minister Narendra Modi-led Cabinet to approve the mechanism for procurement of ethanol by public sector oil marketing companies (OMCs)

Cabinet approves extension of jute packaging norms for foodgrains, sugar

The decision mandates that 100 per cent of the foodgrains and 20 per cent of sugar will be mandatorily packed in diversified jute bags

Govt widens scope for anti-dumping duty on jute yarn, sacks from Bangladesh

The duties are in the range of $97.19 per tonne and $125.21 per tonne

Plastic's loss, jute's gain: Demand for 'golden fibre' boosts jute industry

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

Jute mills face curbs on unauthorised imports from Bangladesh, Nepal

India's jute mill owners, who circumvent guidelines to source jute from the two countries, will face imprisonment for one year and also have their property forfeited under Essential Commodities Act

Jute mills warned after faltering on supplies for kharif marketing season

The jute industry struggled to meet its supply commitments for packing food grains in June and July

Govt hikes raw jute MSP by Rs 200 to Rs 3,700/quintal for 2018-19

The government in the Budget for 2018-19 had announced fixing MSPs at 1.5 times the cost of production for various crops

Inferior quality raw jute supplies may hit govt procurement

The arrival in abundance of inferior grade raw jute (TD-6 and below) in the market has triggered concerns within the jute industry with respect to meeting the requirement for government procurement.Although there is a bumper crop size of raw jute of 10 million bales (one bale is 180 kg), 50 per cent of it belongs to the inferior grades. To compound the woes of the industry, only four million bales has arrived in the market, the balance is still lying with the stockists. Over production of inferior quality of raw jute has distorted the market."There is a pronounced mismatch in production and consumption patterns. This is enough to disturb the normal supply of government B Twill bags because inferior grades are unsuitable for manufacture of 580 gm light weight jute bags required by the government", said a leading jute mill owner.Alarmed at the situation, the jute industry has drastically reduced purchase of the inferior grades being dumped into the local markets. Though the industry is .

Raw jute prices fall on 10% dilution plan

The raw jute prices have tanked to Rs 36,650 per tonne in February this year

Raw jute prices fall on dilution plan, lesser supplies

Prices have tanked to Rs 36,650 a tonne currently from Rs 56,520 in July 2016; may plunge further

Shares of jute companies surge; Ludlow Jute, Cheviot Company up over 10%

Ludlow Jute & Specialities, Cheviot Company and Gloster have rallied by up to 20% on the BSE.

Indian jute sector jittery as China offers Bangladesh help

Last year, the country imported 33,737 tonnes of viscose fibre - a good portion of which originated in India

Raw jute worth Rs 4,000 crore locked up in secondary markets

Cash crunch triggered by scrapping of high-value currency notes has piled up woes for the ailing jute industry

Centre committed towards redressing jute industry issues

Govt is committed towards mitigating the problems faced by various stakeholders as well as promote the sector in long run, said Union Textile Minister Smriti Irani

FY17 raw jute production pegged at 10.2 mn bales

The total availability of raw jute for 2016-17 is estimated at 11 million bales considering imports of 0.3 million bales