Jute Commissioner tightens stock limits amid price surge

The Jute Commissioner in India has reduced the amount of raw jute that traders and mills can store because the price of raw jute has gone up a lot.

Now, registered balers can only keep 1,200 quintals, other registered stockists can keep 150 quintals, and unregistered traders can only keep 5 quintals.

The Jute Commissioner has also asked everyone to sell any extra jute they have within 10 days.

The Jute Balers’ Association is not happy with this decision.

They say there is no shortage of raw jute and that the new rules might hurt farmers and small traders.

They want the government to look at the situation properly before making more changes.

The price of raw jute has softened a bit but remains high, and the market is still tense.

The government is also checking to make sure everyone follows the new rules.