Govt Cuts Raw Jute Stock Limits To Zero To Stabilise Jute Market

Under the revised norms, all raw jute balers—whether registered or unregistered—as well as other stockists must sell their entire stock by May 5, 2026, with physical delivery to be completed by May 15, 2026. In contrast, jute mills and processing units are permitted to hold stocks equivalent to up to 45 days of consumption based on current production levels. To strengthen monitoring, all entities are required to declare and update stock positions fortnightly on the Jute SMART portal. Authorities have also been empowered to conduct inspections, seize excess stocks and initiate enforcement action in coordination with state governments. Violations will attract penalties under the Essential Commodities Act, 1955, including provisions for confiscation and punitive action for false declarations. The move is aimed at stabilising raw jute supply, ensuring equitable distribution and safeguarding the interests of farmers, manufacturers and workers, while preventing speculative practices that could disrupt the sector. (KNN Bureau)