India Jute Production May Decline By 15-20%

2010/9/11 16:07:00 31

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India insiders predict that in the 2010-11 year, due to the lack of rainfall in the rainy season,

Raw linen yield

There may be a difference of 15-20% between the 1 million 70 thousand packages. The industry estimates that the output in the current fiscal year may be reduced by 100-150 packages.

India

Jute mills are extremely short of jute stocks and can only last two days.

Because

water resource

Shortage, the output of major production areas almost reduced by 50%.

The India jute mills Association (Ijma) has pressed the emergency button and lit a red light on its members.

Reduced production of raw linen has led to the collapse of jute mills, and the unemployed workers may create labor disturbances.

At the same time, the price of raw linen has increased by 700 rupees / T, which is almost 35% higher than the normal price.

At present, the West Bengal jute variety TD - 4 is priced at 3100 rupees / weight.

About 4 million farmers grow jute, and they make rice and jute on about 80000 hectares of land.

In the past few years, jute planting area has been reduced by 300 thousand hectares, because farmers have replanted other crops with higher return rates, such as rapeseed and vegetables. Even though the government has raised the minimum price of jute, it has not aroused farmers' enthusiasm for planting jute.