Jute stock curbs withdrawn as record acreage signals end of shortage

The Jute Commissioner's office has withdrawn raw jute stock control orders immediately. This action removes holding limits for traders and mills as the new jute season begins. Expectations point towards a significantly larger jute crop this year, easing previous scarcity concerns. Forward prices have already decreased substantially, reflecting improved market sentiment and availability. Mills can now carry necessary working stock while maintaining real-time reporting on a new portal.

Raccontata daeconomictimes.indiatimes.com