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Related Keywords: absence of a payment arrangement, Decline of cotton supply to textile units, disruption in sourcing, finished product, following similar trend, IJMA, jute mill, production of raw jute, rural and secondary markets, supply of raw jute to mills, the jute supply, vis-a vis demonetization

With the decline of cotton supply to textile units vis-a vis demonetization, the jute supply is also following a similar trend. The supply of raw jute to mills estimated a disruption in the sourcing of Rs 4,000-crore worth of the fibre from rural and secondary markets in the absence of a payment arrangement.

Related Keywords: apprised on latest problems, bumper production of raw jute this year, IJMA, Indian jute mills association, jute bag, jute packaging laws for different agro products, state Labour Minister Malay Ghatak, sustainability of jute sector, urged state government to introduce a Jute Policy

Indian Jute Mills Association (IJMA) met the state Labour Minister Malay Ghatak recently and apprised him of the latest problems Beside, requesting him to take some immediate steps, they have urged state government to introduce a Jute Policy along with jute packaging laws for different agro products in the state for sustainability of the jute sector. They also urged to issues order for packing 100 percent potato and rice in jute bags.

Related Keywords: Commission for Agricultural Costs and Prices, compulsory provisions do not develop or diversify production lines, exempt sugar, foodgrain packaging, high-value products, IJMA, Indian jute industry, jute bags, jute mills, recommends reduction in compulsory packaging, rising prices of raw jute, union textile ministry

The Commission for Agricultural Costs & Prices (CACP) has recommended reduction in compulsory packaging to 75 percent, from the present 90 percent, in case of foodgrain. As these compulsory provisions do not encourage the jute industry to develop or diversify its production lines to high-value products. But according to the jute industry, if the Union government approves the recommendations it will stand to lose Rs1,000 crore in the 2016-17 season.

Related Keywords: IJMA, Indian traders prefer jute import, jute bag, jute yarn, lower than in India, Nepal and Bangladesh, Nepal used a conduit, Prices of jute likely to stabilize in Indian domestic market, Production cost in Bangladesh thirty percent cheaper, production costs of jute, raw jute, third party illegal imports, with Bangladesh lifting jute export ban

With Bangladesh lifting jute export ban its prices in domestic market likely stabilize as per Indian traders prefer jute import from Nepal and Bangladesh as production costs of jute in two countries lower than in India. Production costs in Bangladesh are cheaper than those in India by 30 per cent. While, Nepal is used as a conduit for third party illegal imports.

Related Keywords: fair price of B Twill sacking, IJMA, increased trader limits, jute bags for government supply, Jute Commissioner, reduced stock limits of mills, revised, revised price indicates, state and Centre failed to stem continuous rise in raw jute price

The fair price of B-Twill sacking (jute bags) for government supply has been revised from Rs 86,000 to Rs 86,789 a tonne. This was announced in January by the Jute Commissioner’s office. Revising the price gives clear indication that steps taken by the both state and centre has failed to stem continuous rise in the raw jute price since last few months.

Sources in the jute industry said that JC may have revised the price to encourage IJMA to pull out of the case against the fair price order of January 2016.

Related Keywords: going to be capped, IJMA, initiated process of fixing ceiling, Jute Commissioner, jute mills, price of B Twill jute bags, Prices of finished jute goods, spiraling raw jute prices

This is the first ever occasion when prices of finished jute goods are going to be capped. After getting a go ahead from the Union textile ministry, the Jute Commissioner has initiated the process of fixing a ceiling on the price of B-Twill.

Related Keywords: decline in volume terms, hit hard export market for domestic manufacturers, IJMA, jute goods exports declined sharply, lost major export markets like Egypt and Syria, no incentive from the Government of India, Rising price of jute goods, sharp increase jute felt and Hessian price, steep increase in raw jute prices, touching an all time high

Jute goods exports have logged almost flat growth from 2010-11 (0.19 million tonne) to 2013-14 (0.21 million tonne). However, jute goods exports declined sharply in 2014-15 to 0.15 million tonne, a fall of 27 %.

Related Keywords: compulsory use, demand crisis, dilution in jute act, IJMA, impact workers, JPMA, jute bags, jute farmers, packaging food grain, Textile Ministry

The Textile Ministry has decided no further dilution in the rules for compulsory use of such bags for packaging of foodgrain and sugar this year as it would have severe impact on lakhs of workers and jute farmers.

The Textiles Ministry decided to retain the recommendation of 90 percent minimum jute for food grain and 20 percent for sugar, as recommended by the standing advisory committee for the current season. The jute industry, which is struggling to cope with sharp fall in orders of jute bags, has got a breather.

Related Keywords: down shutters, drop in order flow, IJMA, illegal import, Indian jute producers, JPMA, jute demand, Jute geotextiles, large-scale unemployment, reduced shifts, West Bengal jute mills

Jute demand has been on a down slide forcing many jute mills in West Bengal to down their shutters or go for reduced shifts. There has been a production cut of 30 to 40 percent in the last few months because of drop in order flow.

According to industry officials, jute mills in West Bengal are running at 60 per cent of their capacity and about one lakh workers have been rendered jobless. West Bengal has 64 of the 84 jute mills in the country.

Related Keywords: demand of jute bag, IJMA, Indian jute industry, June Packaging Material Act, jute bag order, Punjab state, Textile Ministry

The jute industry which was already going through a bad phase has taken a further hit due to the State not honouring its sourcing commitments this production season. The Minister of State for Textile (independent charge) Santosh Gangwar, will be holding talks with Punjab Chief Minister Prakash Singh Badal to find out the state’s failure to place any orders for jute bags in June and July despite prior commitments.