Jute Commissioner restricts stock limit for mills to curb raw jute prices

Jute Commissioner restricts stock limit for mills to curb raw jute prices

The Jute Commissioner’s (JC) office has issued an order wherein it has specified the stock limit for each and every jute mill of the country’s 72 operational jute mills at present. The JC has asked the jute mills to file weekly stock returns instead of monthly stock returns to prevent brisk buying, often imbalancing the demand supply situation, thereby escalating raw jute prices.
Check the source here –Source, Financial Express.

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