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Related Keywords: affect quality of finished jute bags, around forty lakh bales, concerned about poor grades of raw jute stock, estimated at around ninety lakh bales, production of raw jute, section of jute mills in Bengal, still with traders and stockists, this season, yet to arrive in market

The production of raw jute is estimated at around 90 lakh bales in 2016-17 season, a section of jute mills in Bengal are concerned about the poor grades of raw jute stock of around 40 lakh bales that are still with traders and stockists and is yet to arrive in the market, affecting the quality of finished jute bags.

According to market information, around 55 percent of the stock available comprises poor grade raw jute. This is a major concern as light weight jute sacks (580 gm) requires finer counts of yarn, said the owner of a Bengal-based jute mill.

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.