Page 2 - Jute

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

Jute industry upset over new packaging recommendations

May lose Rs 1,000 crore if reservation for jute bags is diluted

Raw jute prices may stabilise as Bangladesh lifts export ban

Production costs in Bangladesh are 30% lower than in India, making imported jute more viable than the domestically available alternative