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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: . B-Twill sacking bags, Centre contemplating decrease in subsidy, golden fiber, governement set to 'cap' prices of raw jute, higher burden of subsidy, Jute Commissioner, jute cultivation, Jute Industry, on rise, one cheapest items India produces, price of jute produce, raw jute, shortage in production

The jute cultivation and jute industry that faced huge losses and shortage in production due to floods in West Bengal last year is a cause of concern for the government as the price of jute, that is one of the cheapest items India produces, is on rise, said a senior official in the Ministry of Textiles.

Raw jute prices have already touched an unprecedented high of Rs 54,000 a tonne, twice the level of Rs 27,000 per tonne in the year-ago period. Mill owners and traders feel commercial intervention by JCI would spike raw jute prices to the level of Rs 60000 a tonne.

Related Keywords: B Twill jute bags, freeze capacity, Indian jute industry, internal consumption lower, Jute Commissioner, Jute Packaging Materials Act, Subrata Gupta, union textile ministry

The Union textiles ministry is planning to freeze capacity of B Twill jute bags based on the recommendation made by Jute Commissioner Subrata Gupta, who had advocated freeze in capacity since internal consumption of jute bags was lower than the actual capacity. The jute bag capacity likely to freeze at 2.59 million bales (one bale is 180 kg) for 2014-15.