"The state government fixed the price of raw jute".
This is the jute industry. Raw jute has been overpriced in the Indian state of West Bengal for so long. As a result, the state government today fixed a fixed price for raw jute at a meeting. The high price of raw jute gave a boost to the jute industry.
Therefore, in this situation, it was decided in the meeting of all the ministers that the price of raw jute cannot be raised more than Rs. However, the Jute Commissioner's Office has directed that no more than 500 quintals of jute can be stored to maintain the supply of raw jute.
For the time being, the price of raw jute will remain in force. Jute is a very necessary product for us. Various things made of jute are useful to us. Jute is used to make different kinds of jute sacks, bags etc.
Jute is a valuable commercial artist. As a result, they have informed the office that the trade in this valuable jute industry will have to resume normally. Usually at the beginning of the month, the price of jute in the state was Rs 6,000 per quintal. As a result, in order to control the price and increase the supply, the amount of stock is fixed at Rs. 500 per quintal.
In the districts where jute is produced, a search operation was launched by the Jute Commissioner's Office one day and the owners of the jute mills complained that the production of various jute sacks was being slashed due to the increase in the price of raw jute.
So the IJMA organization urged the state to call a meeting of all the ministers to resolve the issues. Earlier this week, however, the Food Department called the IJMA for talks, followed by talks with state ministers.
The Minister of Industry, Labor Minister, Jute Commissioner, IJMA and members of jute traders were present on the day the meeting of these groups was called. At the meeting, the jute traders claimed that the production of raw jute has not stopped so there is no shortage of raw jute in the jute mill.
But as a result of stockpiling, traders are having trouble running their businesses. After listening to all of them, the labor minister decided to bring the price of jute under control and said it would be under their watch.
They further informed the meeting that if the situation is not normal in the coming days, strict action will be taken by the government.