‘Jute production to be 20% lower this year on floods’
3 months, 1 week ago

‘Jute production to be 20% lower this year on floods’

The Hindu  

Jute production is expected to drop by 20% this financial year, said Shashi Bhushan Singh, secretary of the National Jute Board. It was ₹3,000 crore last financial year and was projected to be almost ₹3,500 crore during the current fiscal. It was estimated that one tonne of jute plant would give 495 litres of ethanol. Another project was to make jute composite materials that could be used for different purposes, he said.

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History of this topic

Cabinet approves MSP hike for raw jute by ₹285 to ₹5,335 for FY25
9 months, 2 weeks ago

Cabinet approves MSP hike for raw jute by ₹285 to ₹5,335 for FY25

Live Mint  

New Delhi: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Thursday, approved raising the minimum support price of raw jute by ₹285 to ₹5,335 per 100 kg for the 2024-25 season. An estimated 4.0 million jute farmers and their households, and 500,000 workers involved with jute mills will benefit from the move, Union minister Piyush …

Jute bag industry alone will be worth more than $3 billion by 2024, predict experts
3 years, 2 months ago

Jute bag industry alone will be worth more than $3 billion by 2024, predict experts

Firstpost  

Nearly all of the world’s jute is grown in India and Bangladesh, because of the conducive humid climate and availability of cheap labour, but both countries lack upgraded machinery Jagatdal, India: From the boutiques of Christian Dior to royal wedding favours, jute is growing in popularity worldwide as demand for alternatives to plastic soars, with experts predicting the bag industry …

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