ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Matches for Export

own attitude to its problems, which remains as unenterprising and short-sighted as ever, has not helped in the least. In July-August 1967, instead of using the prospect of an excellent jute crop to undercut and sell abroad, the industry asked for price support from the Government and a weekly holiday for four months to help run down existing stocks. In December, with about a month to go before 90 per cent of the bumper crop would have moved into the market and when the price of raw jute was ruling Rs 4 below the official support price, the industry was still reluctant to build up buffer stocks through UMA's Jute Buffer Stock Association. The JBSA had purchased only 2.5 lakh bales out of the 4 lakh bales agreed upon. The units in the industry had purchased 26 lakh bales

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