The Centre has turned down mills’ plea to import uncooked jute from Bangladesh, contending that there is sufficient inventory for the up coming handful of months.
Mill house owners are witnessing incredibly large need for jute baggage this yr, owing to big orders from Foods Corporation of India and the West Bengal governing administration.
“Considering the monthly consumption of uncooked jute which has been indicated to be in the array of five.five lakh bales, and the existing arrival in the current market, there is sufficient uncooked jute available for the coming months and there is no urgency for speedy import,” the Jute Commissioner’s Office stated in a interaction to the Indian Jute Mills Association.
It also stated a review on the import final decision is very likely in January-February up coming yr.
The IJMA, in a latest letter to the Union textile secretary, experienced stated import of uncooked jute has