Ministry of Textiles fixed the Minimum Price for Raw Jute for 2023-24

Oct 18, 2023 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Ministry of Textiles on October 17, 2023, issued a notification regarding the Fixation of Minimum Price for Raw Jute for 2023-24

The following has been stated namely: -

• It states that the Raw jute offered in loose volume will be priced at Rs. 200/- less than baled jute. 

• It states that the minimum price of jute in all forms shall be in force until October 31, 2023 

• It is further directed that no buyer and no seller shall be entitled to buy or sell other than these rates specified till October 31, 2023

• The detailed list of the Minimum Price for Raw Jute for 2023-24 in INR per quintal has been attached to the table

 

[Notification No. S.O. 4553(E)] 


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