Government Revises Raw Jute Stock Limits to Address Price Surge and Hoarding

The Indian government, led by Union Textiles Minister Giriraj Singh, has revised raw jute stockholding limits amid rising prices nearing Rs 13,000 per quintal. Stock limits for jute mills have been increased to ensure supply, while caps for traders and balers have been tightened to curb hoarding. Enforcement agencies are authorized to verify stocks and seize excess holdings. The Jute Balers' Association expressed concerns over exclusion from consultations and potential impacts on livelihoods and farmers ahead of the sowing season. The government also raised B. Twill jute bag prices to support farmers and industry stability.