Home / Knowledge / News / Textiles / AP witnesses raw jute price hike of 18%
AP witnesses raw jute price hike of 18%
02
Jan '10
Raw jute in the state of Andhra Pradesh witnessed price hike of Rs. 4,000 per ton in last five months. Most of the mills in the state bring jute from West Bengal to fulfill their requirements.

Raw jute suppliers in West Bengal are currently supplying raw jute at Rs. 26,000- 27,000 per ton, which earlier stood at Rs. 22,000 per ton, at the beginning of raw jute arrival i.e. in the month of July. These prices are expected to increase further and reach Rs. 28,000.

Local mills of Andhra Pradesh were purchasing raw jute from Bangladesh too, till last year, but this year the government of Bangladesh has imposed ban on jute export, which is one of the reasons behind the increase in jute prices.

West Bengal fulfills most of the requirement of Andhra Pradesh jute mills i.e. 75-80 percent of its annual requirement of 350,000 tons of raw jute, while AP produces just 20-25 percent of it.

This increase in raw jute prices amplified the prices of finished products by Rs. 3,000 per ton during aforesaid period. Twine prices are now ruling at Rs 39,000-40,000 per ton from Rs 36,000-37,000 per ton and the prices of gunny bags have increased to Rs 65,000 per ton from Rs 61,000-Rs 62,000 per ton.

Moreover, jute industry is facing severe labour dearth. Workers in twine mills, who were paid Rs. 110-120 per day during last season, are now demanding Rs. 150 per day, owing to which most of the twine mills are operating two shifts a day instead of three, said an expert.

There are around nine composite mills producing gunny bags and 19 twine mills in the state.

Fibre2fashion News Desk - India


Must ReadView All

Europe fights against microplastic release from textiles

Textiles | On 18th Jan 2018

Europe fights against microplastic release from textiles

The European Commission, the institution of the European Union, has...

Egypt starts building biggest textile city in Al-Sadat

Textiles | On 18th Jan 2018

Egypt starts building biggest textile city in Al-Sadat

Egypt has started construction of the biggest city for textiles and...

Vietnam targets $20 bn from export of footwear, bags

Apparel/Garments | On 18th Jan 2018

Vietnam targets $20 bn from export of footwear, bags

Vietnam targets to earn around $20 billion from the export of...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Hardik Sanghvi

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

Kevin Nelson
TissueGen

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao
Nayaab

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

January 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search