Jute mills foresee 30-50pc production cuts on low procurement plan
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quot;In the current jute season from September to November 2023, the actual demand indent placement is lower by 30-40 per cent. In September alone, demand indents are expected to be lower than 2.5 lakh bales against planned 3.21 lakh bales due to slow order placing by Maharashtra," IJMA Chairman Raghav Gupta told PTI.
Domestic oversupply led to asking mills to stop raw jute imports
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Jute mills foresee 30-50% production cuts on back of low procurement plan
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