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Plunge in raw jute prices on 10pc dilution plan and dwindling crop

Related Keywords: amid projected shortfall, B Twill jute bags, diversified jute products, double blow to the jute industry, dwindling crop supplies triggered by demonetization, food grains, Jute Corporation of India, plan ten percent dilution of the mandatory jute packaging order, prices of raw jute on downward, rabi marketing season, Union textiles ministry

With the Union textiles ministry’s plan to go for 10 percent dilution of the mandatory jute packaging order for food grains amid projected shortfall of 0.17 million bales (one bale is 180 kg) of B Twill jute bags during the rabi marketing season 2016-17 and dwindling crop supplies triggered by demonetization, the prices of raw jute are on downward trend.

The Jute 1 Packaging Materials Act, 1987, mandates 100 per cent use of jute bags for packaging of food grains meant for government procurement

Dilution of ten percent in jute packaging order for foodgrains

Related Keywords: allowed a dilution of ten percent, amid projected shortfall, B-Twill jute bags, dilution order will be valid till end March, food grains, mandatory jute packaging order, this year, Union textiles ministry

The Union textiles ministry has allowed a dilution of 10 percent in the mandatory jute packaging order for food grains amid a projected shortfall of more than 0.17 million bales (one bale is 180 kg) of B-Twill jute bags during the Rabi marketing season (RMS) for 2016-17 . The dilution order will be valid till March 31, 2017.

The textiles ministry in an office order said that the department of food & public distribution is now empowered to take the call on use of plastic bags to meet the packaging requirement.

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