Jute Policy

India has extended anti-dumping duty on imports of certain jute products from Nepal and Bangladesh for five years, a move aimed at protecting domestic players from cheap inbound shipments. These duties were imposed following recommendations of the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR). The DGTR, in its probe in September last year, concluded that there is continued dumping of these products from Nepal and Bangladesh and the imports are likely to enter the Indian market at dumped prices in the event of cessation of existing duty. It had recommended continued imposition of the anti-dumping duty on the imports to remove injury to the domestic industry. According to a notification of the Central Board of Indirect Taxes and Customs (CBIC), the duty imposed "shall be levied for a period of five years (unless revoked, superseded or amended earlier)". The duty ranges between USD 6.3 per tonne and USD 351.72 per tonne. It is applicable to produc

He denied allegations of neglect of West Bengal's jute industry

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

Raw jute suppliers have decided to suspend trading activities of the commodity for an indefinite period from November 23 to protest against the Centre's decision to reduce the maximum stock limit

At present, three major jute mills remained closed due to working capital crunch, industry sources said

Supply of jute bags from jute ministry has remained patchy during the kharif marketing season, prompting the Food ministry to look for other alternatives

Almost 200,000 workers are engaged in 77 jute mills

Commission on Agricultural Costs and Prices wants dilution of food grain packaging to 75% from 90%

Centre's recent move to reduce and peg orders at 2.5 lakh bales per month would affect millions of jute cultivators, said the body