Mixed year for jute, govt provided relief for industry to bounce back
The jute sector in India experienced a mixed year in 2023, with a bumper cash crop harvest but a mid-season demand slump. However, government intervention revived hopes, with sustained orders and supportive policies from the Centre. The Indian Jute Mills Association (IJMA) chairman Raghav Gupta said that the outlook remains steady, with a strong initial supply followed by sluggish demand between September and November.
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