Why is the demand of jute …
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Meghna Thapar 5 years, 1 month ago
There is a decrease in demand for jute owing to the Government of India: The jute mills often failing to supply bags to sugar mills on time, As a result, jute mills in India are not getting orders from sugar mills and the demand for jute has dropped.
The Government had increased the Minimum Support Price for Jute.
Jute prices are also sensitive to climate fluctuations in Bangladesh and the northwest of India (West Bengal), which are the areas that produce 2/3 of the total global jute production and have similar climates and weather conditions.
Despite expansion of jute growing area and intensification of its cultivation, India is not self-sufficient in the supply of raw material.
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