Jute

Cabinet on Economic Affairs approves MSP for raw jute for 2023-24 season

The MSP of raw jute (TD-3 equivalent to earlier TD-5 grade) has been fixed at Rs 5,050 per quintal for 2023-24 season

Govt approves extension of mandatory jute packaging norms: Report

The government on Wednesday approved the extension of mandatory packaging norms which provide for all foodgrains and 20 per cent sugar to be compulsorily packed in jute bags, sources said. The reservation norms for mandatory use of jute in packaging for Jute Year 2022-23 (July 1, 2022 to June 30, 2023) were cleared at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi. The mandatory packaging norms approved for Jute Year 2022-23 provide for 100 per cent reservation of foodgrains and 20 per cent reservation of sugar to be compulsorily packed in jute bags, the sources said. The approval to these norms will provide relief to 3.7 lakh workers employed in jute mills and ancillary units as well as support the livelihood of several lakh farm families, they added. It will also help protect environment because jute is a natural, bio- degradable, renewable and reusable fibre and hence fulfils all sustainability parameters. The jute industry is significant to India's econ

India extends anti-dumping duty on jute imports from Nepal, Bangladesh

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of Indirect Taxes and Customs (CBIC), the duty imposed "shall be levied for a period of five years (unless revoked, superseded or amended earlier)".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

Indian jute making its way - from US markets to Italy wine producers

The Indian jute industry has faced a worker shortage as educational levels rise in Bihar, UP, and Odisha, poor states where jute factories have drawn most of their labour

A shimmer of hope for the golden fibre as demand for shopping bags rises

A robust export market for shopping bags has emerged, but whether it can help the ailing jute industry reduce its dependence on heavily regulated government purchases is an open question

Centre decides to lift price capping on raw jute with effect from Friday

It is expected that the cap removal Rs 6,500 per quintal will help the farmers, mills and jute MSME sector

Centre convenes meeting to discuss cap on raw jute price: Sources

Union Textile Ministry has convened a meeting on Monday to discuss price capping of raw jute, where officials of the West Bengal Labour Department, Indian Jute Mills Association industry sources said

West Bengal BJP MP Arjun Singh meets Piyush Goyal over 'jute price capping'

BJP MP from West Bengal Arjun Singh met Union minister of textiles Piyush Goyal here in the national capital to raise his concerns regarding the price capping of raw jute by the Central government.

Can't revise price for illegitimate gain of some players: Jute Commissioner

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

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