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India's jute output to miss 100 lakh bale mark for 7th year in a row

02 Dec '23
1 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • India's jute production is expected to fall over **%** in 2023-24, missing the ** lakh bale mark for the seventh consecutive year.
  • The estimated output of ** lakh bales contrasts with the ** lakh bales in 2013-14.
  • Last two years have seen outputs of around **-** lakh bales, indicating a consistent shortfall in meeting production targets.

According to the first advance estimates for ****-**, if jute production reaches the estimated figure of **.** lakh bales, it will be **.** per cent lower than the production noted a decade ago.

India’s jute production declined to ***.** lakh bales in ****-** and further to **.** lakh bales in ****-** from the output of ***.** lakh bales of ****-**, as per historical production data. The production recovered to ***.** lakh bales in ****-**, but thereafter it has not touched a mark of *** lakh bales.

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