Archive · 25 May 2025
Jute Industry Seeks Relief at June 3 Meeting Amid Supply Crunch
Imagine jute, a plant used to make bags, is getting tricky to find.
The people who make the bags are worried because the price of jute is going up.
A meeting is happening in June to try and fix this.
They're hoping the government will help by releasing some stored-up jute and stopping people from hoarding it, which makes things worse.
The meeting is important because the supply of jute is lower than it should be.
Farmers in jute growing regions are delaying sowing crops.
Factories are having trouble getting jute and some may have to close soon.
The jute industry faces high raw jute prices and supply issues.
An Expert Committee on Jute (ECJ) meeting is scheduled for June 3 in Kolkata.
Industry sources claim actual jute supplies are tight, possibly due to hoarding.
Delayed monsoon in jute-growing areas may delay new supplies until September.
Mills are struggling to operate, with some running limited workdays due to procurement issues.
- Who
- The Jute industry, officials from the Jute Division, National Jute Board, and Ministry of Agriculture.
- What
- The jute industry is experiencing high raw jute prices, delayed crop arrivals, and tight supply conditions.
- When
- The Expert Committee on Jute (ECJ) meeting is scheduled for June 3.
- Where
- Kolkata
- Why
- The industry seeks interventions to stabilize market conditions, addressing supply issues.
- Meeting Date
- June 3
- Location of Meeting
- Kolkata
- Concern
- High raw jute prices, delayed crop arrivals, tight supply
- Raw Jute Price
- Rs 6,800–7,200 per quintal
- MSP
- Rs 5,650