The jute industry is projected to lose Rs 200 crore annually in the wake of new pricing recommendations made by the Tariff Commission in its latest report.
Read more “Jute Industry Fears Rs 200-cr Loss on new Pricing Formula”
Move is aimed at branding and promotion of jute diversified products.
While optimum rain boosts jute production, a ravaging flood like the current one destroys standing crop across large swathes of land.
The jute crop is likely to bear the brunt of floods in the east and northeast parts of the country this sowing season and procurement by the Jute Corporation of India (JCI) may be delayed. The JCI starts procuring from farmers at MSP from mid August.
Read more “No Jute Procurement if Moisture Level is Above 18%: JCI chief Murthy”
Government today imposed anti-dumping duty ranging from USD 6.30 to USD 351.72 per tonne on imports of jute and its products from Bangladesh and Nepal to protect domestic industry.
Read more “Anti-Dumping Duty on Jute Imported from Bangladesh & Nepal”