Raw jute supply set to improve

 

 

JUTE mills can heave a sigh of relief with at least 12-15 lakh bales of the raw material likely to hit the market after the Calcutta High Court asked balers to abide by the sector regulator's directive to stock up to a maximum of 500 quintals from the previous level of 1,500 quintals, industry sources said. It will also help millers to help meet the target of gunny bags for food packaging which is facing a huge shortage of over 2.5 lakh bales, they said.