Explainer: India’s Jute Sector, From Farmers’ Livelihoods to Sustainable Industry

September 8, 2026 12:28 PM

Explainer: India’s Jute Sector, From Farmers’ Livelihoods to Sustainable Industry

Jute, often described as India’s “Golden Fibre” because of its distinctive golden colour and silky lustre, continues to play an important role in the country’s agricultural economy, manufacturing sector and push towards sustainable materials. India is the world’s largest producer of raw jute and also accounts for about 75 per cent of estimated global jute goods production. The sector supports nearly 40 lakh farm families involved in jute cultivation and provides direct employment to a...

Cabinet approves Rs 275 hike in raw jute MSP for 2026-27

February 24, 2026 4:41 PM

Cabinet approves Rs 275 hike in raw jute MSP for 2026-27

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Tuesday approved a hike in the Minimum Support Price (MSP) of raw jute by Rs 275 to Rs 5,925 per quintal for the marketing season 2026-27. According to the government, the revised price ensures a return of 61.8 per cent over the all-India weighted average cost of production. The government said the announced MSP is in line with its 2018-19 Budget commitment of fixing MSPs at a level of at least 1.5 ti...

India imposes port restriction on certain jute based goods imports from Bangladesh

August 12, 2025 1:55 PM

India imposes port restriction on certain jute based goods imports from Bangladesh

The Government of India has imposed new restrictions on the import of certain jute-based goods from Bangladesh. The decision, issued through a notification by the Ministry of Commerce & Industry’s Directorate General of Foreign Trade (DGFT) on Monday, amends the existing Import Policy under the ITC (HS), 2022 Schedule 1, and takes immediate effect. According to the notification, items such as bleached and unbleached woven fabrics of jute or other textile bast fibres, twine, cordage, rope,...