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Raw jute prices fall 17% since June, may drop further - The Hindu BusinessLine
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Kharif Outlook: Jute output set to rise 55% on better returns
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Hit by raw jute crisis, manpower shortage, 16 Bengal mills shut down
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Last Updated: May 20, 2021, 07:05 PM IST
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Synopsis Of the 16 mills, five have been closed down in the last four days mainly due to raw material crisis. We have apprehension that another 10 units may announce the closure of operations in the next few days, an official of Indian Jute Mills Association told .
PTI
A crisis in West Bengal s jute sector is looming large as around 16 mills have been shut down recently due to a growing scarcity of raw material and shortage of labourers arising out of restrictions imposed by the state government to contain the spread of COVID-19, officials of an industry body said on Thursday.