for providing jute bags designated for food grain packaging, reported the Press Trust of India (PTI), citing a high-ranking official. Under this arrangement, national mills are assured a fixed ...

Raghavendra Gupta of the Indian Jute Mills Association said the pricing is dynamic with a lot of variables, and it will depend on several factors, including raw jute prices.

"Huge quantities of packaging bags are required. Food grains are primarily packed in jute sacking bags under JPM Act. Due to COVID-19 lock down, Jute Mills are unable to produce jute bags ...

This implies that mills will earn the predetermined percentage of profit on the capital invested, regardless of market fluctuations of input costs, he said. According to the Indian Jute Mills ...