INDIAN JUTE INDUSTRY AT A GLANCE IN 2016 - 2017 If actual production meets the estimates, the crop size for this financial year would see a 50 per cent jump over 6.8 million bales in 2015-16.The total availability of raw jute for 2016-17 is estimated at 11 million bales considering imports of 0.3 million bales .
In the last crop year, cultivation of raw jute fell 30 per cent and an unprecedented situation of high price of raw jute prevailed due to the hoarding of raw jute by the speculators.
