KOLKATA: A physique of jute suppliers have written to Union minister Giriraj Singh, alleging that uncooked materials imports from Bangladesh, both instantly by mills or via third events, have adversely impacted the business and farmers. In a letter to the textile minister, the Jute Balers’ Affiliation has raised considerations over the “unregulated import of uncooked jute” from the neighbouring nation and “low orders” for mills have led to a extreme fee disaster for home uncooked jute suppliers.
Indian Jute Mills Affiliation has additionally raised considerations over the difficulty and sought intervention from the central and state governments to tide over the disaster.
A gathering between the business stakeholders and the ministry is predicted afterward Monday, an official mentioned.
The balers’ affiliation, which has been serving the sector for over 115 years, outlined the essential points threatening the business’s survival.
“Regardless of a bumper crop yr in 2023-24, the place home provide was adequate, mills have continued to import giant portions of uncooked jute from Bangladesh. In June 2024 alone, 73,000 bales, or 22 per cent of the whole 3,34,000 bales, have been imported,” Jute Balers’ Affiliation secretary Pulak Jha mentioned within the letter.
“There may be a gap inventory of three million bales of uncooked jute for the jute season as of July 1, 2024, and the brand new crop can be across the nook. These components brought on costs to plummet beneath the minimal help value (MSP),” Jute Balers’ Affiliation senior functionary Om Prakash Soni advised PTI.
Costs of the golden fibre fell beneath Rs 5,000 per quintal, whereas the minimal help value (MSP) is Rs 5,335 per quintal for the 2024-25 season, he mentioned.
There was a bar on the usage of imported jute in making baggage for meals grain packaging however the “inflow of cheaper and low-grade jute from Bangladesh has exacerbated the disaster”, an business stakeholder mentioned.
“With mills going through liquidity points, funds to suppliers are getting delayed, hindering their skill to buy contemporary jute from farmers. This has created a vicious cycle, the place mills are obligated to purchase MSP-linked jute, which reduces their market purchases, additional miserable costs and pushing extra farmers in direction of MSP dependency.
“Already six mills are closed. The present dues are about Rs 1,400 crore of which Rs 400 crore is legacy dues from the mills,” Soni mentioned explaining the present scenario.
The affiliation referred to as for a rigorous crackdown on unlawful jute imports and a reaffirmation of dedication to lawful practices.
“The way forward for hundreds of thousands of livelihoods is at stake,” the letter mentioned, urging fast authorities intervention to curb the menace of “unregulated imports” and deal with the difficulty of diminished orders.
Indian Jute Mills Affiliation has additionally raised considerations over the difficulty and sought intervention from the central and state governments to tide over the disaster.
A gathering between the business stakeholders and the ministry is predicted afterward Monday, an official mentioned.
The balers’ affiliation, which has been serving the sector for over 115 years, outlined the essential points threatening the business’s survival.
“Regardless of a bumper crop yr in 2023-24, the place home provide was adequate, mills have continued to import giant portions of uncooked jute from Bangladesh. In June 2024 alone, 73,000 bales, or 22 per cent of the whole 3,34,000 bales, have been imported,” Jute Balers’ Affiliation secretary Pulak Jha mentioned within the letter.
“There may be a gap inventory of three million bales of uncooked jute for the jute season as of July 1, 2024, and the brand new crop can be across the nook. These components brought on costs to plummet beneath the minimal help value (MSP),” Jute Balers’ Affiliation senior functionary Om Prakash Soni advised PTI.
Costs of the golden fibre fell beneath Rs 5,000 per quintal, whereas the minimal help value (MSP) is Rs 5,335 per quintal for the 2024-25 season, he mentioned.
There was a bar on the usage of imported jute in making baggage for meals grain packaging however the “inflow of cheaper and low-grade jute from Bangladesh has exacerbated the disaster”, an business stakeholder mentioned.
“With mills going through liquidity points, funds to suppliers are getting delayed, hindering their skill to buy contemporary jute from farmers. This has created a vicious cycle, the place mills are obligated to purchase MSP-linked jute, which reduces their market purchases, additional miserable costs and pushing extra farmers in direction of MSP dependency.
“Already six mills are closed. The present dues are about Rs 1,400 crore of which Rs 400 crore is legacy dues from the mills,” Soni mentioned explaining the present scenario.
The affiliation referred to as for a rigorous crackdown on unlawful jute imports and a reaffirmation of dedication to lawful practices.
“The way forward for hundreds of thousands of livelihoods is at stake,” the letter mentioned, urging fast authorities intervention to curb the menace of “unregulated imports” and deal with the difficulty of diminished orders.
