Home / Knowledge / News / Textiles / Diluted packaging norms reduce demand for Indian jute
Diluted packaging norms reduce demand for Indian jute
31
Dec '12
There is a decrease in demand for jute owing to the Government of India, for the first time, diluting the packaging norms by 60 percent under the mandatory Jute Packaging Materials Act (JPMA) of 1987.
 
Under the JPMA, sugar mills in the country were mandated to use only jute bags for packing sugar. But, in view of availability of cheaper packaging alternatives, especially from the plastics industry, and also due to the jute mills often failing to supply bags to sugar mills on time, the act has been relaxed by the Government. As a result, jute mills in India are not getting orders from sugar mills and the demand for jute has dropped.
 
According to the Indian Jute Mills’ Association, India’s raw jute production in 2012-13 season is likely to be around 9.2 million bales, which is lower than last season’s jute output of 9.9 million bales.
 
At present, the carry over stock in jute mills is estimated to be around 4 million bales and when the likely output is added, it would take the total supply to 13.9 million bales, which would be enough to meet the whole year’s demand, according to the association.
 
Hence, the raw jute (TD5 variety) prices are likely to remain stable during the current season.
 
Meanwhile, the Government had increased the Minimum Support Price (MSP) of raw jute for TD5 variety to Rs. 2,200 per quintal for the 2012-13 season, up 31.34 percent from last season’s price of Rs. 1,675 per quintal.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search