Page 2 - Jute Industry

Jute workers' call for indefinite strike from March 1 stokes supply fears

The strike comes at a critical juncture when concerns are mounting on supply of B Twill jute bags used for packing food grains and sugar

A few jute firms are spinning a modern yarn, but shortages may be a hurdle

The challenge this season for the industry will be to make regular supplies of bags to government procurement agencies in an environment of an expected major raw jute crop shortfall

Will pay jute mills only after they pay farmers, workers in full: Centre

Farmers and labourers often complain that they do not get the benefit which they deserve

Jute industry opposes move to auction bags on Govt e-Market Place portal

The textiles ministry has been toying with the idea after a recent meeting of stakeholders where the possibility to source jute bags through auctions was discussed

Jute industry suffers Rs 28 bn loss on stagnating production of goods: IJMA

Raw jute production has slid and exports of finished goods have also plummeted in value and quantitative terms

Downtrend in raw jute output takes sheen off MSP hike

The Cabinet Committee on Economic Affairs (CCEA) Wednesday gave its nod to raise MSP of raw jute from Rs 35,000 to Rs 37,000 per tonne

Jute industry irked over govt decision to buy plastic bags

Industry alleges its capacity was ignored and an artificial shortfall of 250,000 bales was created to allow use of HDPE and PP bags

Jute industry irked over government decision to buy plastic bags

The jute industry alleged the industry's capacity was ignored and an artificial shortfall created

Jute industry to incur Rs 3 billion loss on major cut in bag prices

With this, govt agencies will buy sacking bags meant for food grains and sugar at 5-7% lower than industry average

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

Supreme Court order spells Rs 10 billion relief for jute industry

A two-judge bench of R F Nariman and Navin Sinha ruled that the demand raised by the excise department was far from the facts

Jute sack standard dilution has hit PDS, storage: FCI

Government-owned Food Corporation of India (FCI) says the jute industry's standard for sacks (also termed gunny bags) has been insensibly diluted, to its loss and that of grain storage.FCI, largest consumer of jute, says this has meant problems for the Public Distribution System (PDS). Each year, the agency buys 0.8-1 million tonnes of sacking, valued at Rs 6,000 crore, on behalf of itself and state procurement agencies.In a letter to the government's Jute Commissioner, it has said: "During the last one year, specifications of jute gunny bags have been revised two times, diluting bag weight, breaking strength, etc. Thereby, FCI had to face huge difficulties due to bleeding bags, resistance from PDS authorities and wastage of foodgrain. It is understood that there is (yet another) proposal to use higher proportions of TD-6 twills and other lower grade jute in the manufacture of bags. This could further dilute the quality, making it worse (for storage)."FCI has the responsibility for ...

Jute industry fears Rs 200-cr loss on new pricing formula

The jute industry is projected to lose Rs 200 crore annually on new pricing recommendations made by the Tariff Commission in its latest report.The loss on each tonne is estimated at Rs 3000 per tonne. Presently, government agencies procure jute bags at a cost of Rs 65,000 per tonne.Recently, the Tariff Commission submitted its fifth report notifying jute bag prices that are 10-15 per cent lower than the price at which the government is currently purchasing jute bags. The Indian Jute Mills Association (IJMA) has protested against the suggestions in the report of the Tariff Commission on 10 major issues. The association has pointed out that the report is 'unacceptable' and has demanded a correction of facts and observation. "Though the Union government had convened a meeting on August 30 to sort out concerns on pricing, it has been canceled. It seems the textiles ministry is bent on accepting the Tariff Commission's recommendations in toto", said a leading jute mill owner.The vexed ...

Supply shortfall restricts jute industry from meeting pulse packaging need

Faced with deficit in supplies, the jute industry is no position to meet the requirement for packaging of pulses under Government of India's Price Stabilization Fund Scheme. A representation was made through National Agricultural Cooperative Marketing Federation (Nafed) for procurement of pulses under this scheme.In a letter to the department of consumer affairs, the textiles ministry's jute section explained the position of shortfall faced by the jute industry. Since the industry is saddled with a deficit of 0.55 million bales (one bale is 180 kg) under the mandatory packaging order of the Jute Packaging Materials Act (JPMA), supply of packing bags to meet the requirement of pulses is not feasible.The textiles ministry has urged the department of consumer affairs to source alternative packaging material in the form of plastic bags to meet the requirement. To meet any requirement in the future, Nafed may be advised to provide a forecast for the period starting July 2017 to the Office .