Page 2 - Jute Industry

Factory workers cope with contagion risk and poor demand

According to Rahul Mehta, president of the Clothing Manufacturers Association of India (CMAI), the business has been impacted drastically

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

At present, three major jute mills remained closed due to working capital crunch, industry sources said

Paper, Jute stocks in focus; JK Paper, Seshasayee Paper up over 5%

Orient Paper, Emami Paper Mills, Star Paper Mills, Malu Paper Mills, Seshasayee Paper & Boards, International Paper APPM, JK Paper and Ruchira Papers from the paper sector were up more than 5%.

Plastic's loss, jute's gain: Demand for 'golden fibre' boosts jute industry

In an industry known more for industrial violence and lockouts, the excitement is palpable at the surge in demand, after decades of stagnation, whether from the government or from global retailers

Jute mills face curbs on unauthorised imports from Bangladesh, Nepal

India's jute mill owners, who circumvent guidelines to source jute from the two countries, will face imprisonment for one year and also have their property forfeited under Essential Commodities Act

Paper, jute product stocks extend rally amid single-use plastic ban buzz

Ludlow Jute & Specialities, Star Paper Mills, Orient Paper & Industries and Ruchira Papers have seen their market value appreciate in the range of 50 to 150 per cent from their respective August lows.

Jute mills may face ban or downsizing of govt orders over Rs 1,950-cr dues

Almost 200,000 workers are engaged in 77 jute mills

Jute mills warned after faltering on supplies for kharif marketing season

The jute industry struggled to meet its supply commitments for packing food grains in June and July

Jute workers' call for indefinite strike from March 1 stokes supply fears

The strike comes at a critical juncture when concerns are mounting on supply of B Twill jute bags used for packing food grains and sugar

A few jute firms are spinning a modern yarn, but shortages may be a hurdle

The challenge this season for the industry will be to make regular supplies of bags to government procurement agencies in an environment of an expected major raw jute crop shortfall

Will pay jute mills only after they pay farmers, workers in full: Centre

Farmers and labourers often complain that they do not get the benefit which they deserve

Jute industry opposes move to auction bags on Govt e-Market Place portal

The textiles ministry has been toying with the idea after a recent meeting of stakeholders where the possibility to source jute bags through auctions was discussed

Jute industry suffers Rs 28 bn loss on stagnating production of goods: IJMA

Raw jute production has slid and exports of finished goods have also plummeted in value and quantitative terms

Downtrend in raw jute output takes sheen off MSP hike

The Cabinet Committee on Economic Affairs (CCEA) Wednesday gave its nod to raise MSP of raw jute from Rs 35,000 to Rs 37,000 per tonne

Jute industry irked over govt decision to buy plastic bags

Industry alleges its capacity was ignored and an artificial shortfall of 250,000 bales was created to allow use of HDPE and PP bags

Jute industry irked over government decision to buy plastic bags

The jute industry alleged the industry's capacity was ignored and an artificial shortfall created

Jute industry to incur Rs 3 billion loss on major cut in bag prices

With this, govt agencies will buy sacking bags meant for food grains and sugar at 5-7% lower than industry average

Jute industry stares at nearly Rs 8 billion loss on dilution plan

Total packaging requirement for RMS is pegged at 11.26 million bales and the dilution proposed is 10 per cent of this requirement

Supreme Court order spells Rs 10 billion relief for jute industry

A two-judge bench of R F Nariman and Navin Sinha ruled that the demand raised by the excise department was far from the facts

Jute sack standard dilution has hit PDS, storage: FCI

Government-owned Food Corporation of India (FCI) says the jute industry's standard for sacks (also termed gunny bags) has been insensibly diluted, to its loss and that of grain storage.FCI, largest consumer of jute, says this has meant problems for the Public Distribution System (PDS). Each year, the agency buys 0.8-1 million tonnes of sacking, valued at Rs 6,000 crore, on behalf of itself and state procurement agencies.In a letter to the government's Jute Commissioner, it has said: "During the last one year, specifications of jute gunny bags have been revised two times, diluting bag weight, breaking strength, etc. Thereby, FCI had to face huge difficulties due to bleeding bags, resistance from PDS authorities and wastage of foodgrain. It is understood that there is (yet another) proposal to use higher proportions of TD-6 twills and other lower grade jute in the manufacture of bags. This could further dilute the quality, making it worse (for storage)."FCI has the responsibility for ...