India's Jute exports surge by 24% in 5 yrs
Commodity Online | January 15 2019
UPDATED 15:30:02 IST

Uncompetitive prices, weak export demand to dent Cotton spinners' profitability: ICRA

Govt increases Oil, Gas bidding round to three times a year

India's LNG imports rise 4.6% in June

India notifies imports of 30k tonne Crude Soya Oil from Paraguay

USDA cuts global Oilseeds supplies for MY 2019-20

Exports of Jute products and its diversified items grew by 24 per cent in the last five years, according to textiles minister.

Minister has been suggesting to the Jute industry to reduce its dependence on government orders and go for product diversification, which would in turn boost exports.

Textiles Secretary said the Ministry has been trying to find ways and means to enhance income of weavers and also to connect them with garment manufacturers to increase their margins.

Cabinet Committee on Economic Affairs (CCEA) had recently approved 100 per cent of the food grains and 20 per cent of the sugar to be mandatorily packed in Jute bags thereby expanding the scope of Jute Packaging Material (JPM) Act, 1987, which was brought in to protect the interest of the Jute sector from the plastic packaging segment.



 

Commodity Arrivals Rate
Mustard Oil 9.65 10300.00
Coconut Oil 2.5 17100.00
Arecanut 13 23000.00
Sugar 10.34 3900.00

More

×