Home / Knowledge / News / Textiles / Surging jute bag prices vexes hoarders
Surging jute bag prices vexes hoarders
28
Feb '08
Pakistan is still facing the crisis of high wheat prices which have accompanied a hike in the prices of jute bags as well.

Insufficient production of wheat, has compelled Trade Corporation of Pakistan (TCP), to import the grain, for meeting local requirements.

However, TCP will then have to pay more for the jute bags in order to preserve the wheat imported from other countries.

Manufacturers of jute bags have increased the prices to Rs58.90 for a bag of 100 kilogram, while the Punjab Food Department offers Rs57.02.

Although propylene could have been a viable alternative to avoid purchase of overrated jute bags, these would not be durable for long.

So far, jute manufacturers have provided the TCP with around 50,000 bag bales each of which contains 300 bags. However, manufacturers have refused to meet the demand of 78,770 jute bag bales of the region.

A total of only 8.5 lakh tons of wheat will be kept in jute bags provided by the manufacturers while the remaining 11 lakh tons will have to be packed in propylene bags.

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Dharmendra Shah
Ozone PB Spintex Limited

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

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search