Jute

Shares of makers of jute products such as Gloster, Cheviot and Ludlow Jute were sharply higher by up to 5% in early trade on January 22, in anticipation of a higher Minimum Support Price (MSP) on raw jute for the upcoming season.

Ludlow Jute, Gloster, Cheviot rally on hope of higher MSP on raw jute

Last year, the MSP on raw jute had been raised for the 2024-25 season as well by Rs 285 to Rs 5,335 per quintal.

Cabinet approves hike in raw jute MSP to Rs 5,335 per quintal for 2024-25 season

At Rs 5,335 per quintal, the new MSP for raw jute for the next season will be 5.6 percent higher than for 2023-24.

Jute Corporation of India plans e-auction platform for jute

The Corporation said it was geared up for MSP (minimum support price) operation for the upcoming jute season beginning July 1, with its extensive network spread over eight states.

Govt hikes raw jute MSP by Rs 300 to Rs 5,050 per quintal

The announced MSP of raw jute for 2023-24 season is in line with the principle of fixing the MSP at a level of at least 1.5 times all India weighted average cost of production as announced by the government in the Budget 2018-19, an official release said.

That reusable Trader Joe’s bag? It’s rescuing an Indian industry

As much of the world seeks biodegradable alternatives to synthetic materials like plastics, Indian jute is making its way around the planet, from supermarkets in the US to fashion houses in France and wine producers in Italy

MSP hiked for jute, cotton prices at 10-year high: Impact on commodities market and stocks

The government has hiked MSP for Jute for 2022-23. MSP for jute has raised to Rs 4,750/q. India's cotton prices are at all time high above Rs 40,000/bale. Catch Karunya Rao and Manisha Gupta Live as they explain the impact on commodities market

PM Modi sends 100 pairs of jute footwear for those working at Kashi Vishwanath Dham

Modi got the jute footwear procured and sent over to the dham so that those performing their duties don’t have to stay bare-footed in the chilling cold.

Jute Commissioner rejects IJMA's proposal to revise fair price of raw jute

The jute mills lobby body had submitted their suggestion to the Jute Commissioner, the regulator, to revise the fair price of raw jute to Rs 7,200 from Rs 6,500, after an emergency meeting pursuant to a high level meeting in the state secretariat in presence of the West Bengal Chief Secretary.

Ensure adequate supply of jute gunny bags for paddy purchase in Chhattisgarh: CM to PM; fears law and order situation

In his letter addressed to the prime minister, Baghel said Chhattisgarh requires 5.25 lakh bundles of gunny bags for paddy procurement but has received permission to purchase only 2.14 lakh bundles of new gunny bags, a public relations department official said.

Rice sacks to runway: India's battle to rebrand jute

India is desperate to capitalise on this consumer shift and seize the opportunity to revive its flagging industry, expanding it from sacks and gunny bags to fashion.

Bengal jute industry hit by fund crunch as banks set stringent credit norms

The lenders have been seeking "clear land papers" from mills' owners for extending loans, they said.

Anti-dumping duty imposed on jute sacking cloths from Bangladesh

The IJMA had filed an application for initiation of anti-circumvention investigation concerning import of the product exported from Bangladesh.

West Bengal govt calls for tripartite meet to resolve jute industry impasse

A notice issued by the state labour department earlier this week invited the jute unions on February 18 to discuss their charter of demands with the mill owners.

India may extend antidumping duty to jute clothes from Bangladesh

The commerce ministry's investigation arm Directorate General of Anti-Dumping and Allied Duties (DGAD) has initiated a probe into circumvention of anti-dumping duties on jute sacking bags from the neighbouring country.

Cabinet to approve mandatory use of jute gunny bags to pack food grains

The move is aimed at boosting the jute industry, which is a major job creator in the country’s north-eastern states, as well as West Bengal

India, Bangladesh need to step up business co-op: Smriti Irani

When asked about India imposing anti dumping duty on imports of jute from Bangladesh, she said dumping of the commodity has impacted the livelihood of farmers, lower income workers and the Indian jute industry.

Imports were hurting domestic jute industry: Golster

In an interview to CNBC-TV18, the Chairman of Gloster, Hemant Bangur said that imports from Nepal and Bangladesh were hurting domestic jute industry.

Govt hikes raw jute MSP by 18.5% to Rs 3,200/qtl for 2016-17

The Textile Ministry had sought an MSP of Rs 3,650 per quintal for this year, while other ministries and even Niti Aayog had pitched for marginal increase in the jute MSP by Rs 300 per quintal, keeping in view the inflationary trends, sources added.

No added gain to jute industry on CCEA extension: Cheviot

HV Kanoria, Chairman and Managing Director, Cheviot, says the jute industry is currently facing shortage of raw jute and the jute commissioner might appeal for dilution of the recommendation to some extent to overcome supply pressure.

Govt approves mandatory jute packing for foodgrains, sugar

The Cabinet Committee on Economic Affairs in its meeting on Wednesday decided that at least 90 percent of foodgrain output and 20 percent of sugar production has been reserved for packaging in jute.

Pollution control board keeping an eye on 44 industries

The list of 44 most polluting industries include those from the leather industry, iron and steel, paper and jute.

Jute imports up 24%, exports dip 22% in Apr-Jan FY15

According to National Jute Board estimates, jute exports for the period April-January of FY15 have declined sharply to Rs 1,115 crore, down 22 percent in rupee terms and 20 per cent in dollar terms as compared to corresponding period of FY14

Textiles Ministry worried over jute import from Bangladesh

The exports are to the tune of Rs 1800 cr annually. He said his ministry is also in talks with Agriculture Ministry to give more incentives to farmers producing and using quality seeds.

Harvesting is complete in most of the areas whereas it is still being carried out in case of late sown

Harvesting is complete in most of the areas whereas it is still being carried out in case of late sown. Prevailing weather is more or less favourable for the p ...