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

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NORTH- Search for a Democratic Decision

Prices Commission, which made the recommendation in favour of minimum prices being made statutory, has been also urging the setting up of a suitable agency to arrange the purchases of raw jute in the market so as to make the fixation of support prices effective. The Jute Corporation was accordingly set up last year, The present decision merely enlarges the scope of its operations insofar as it is expected to purchase upto 7 lakh bales of raw jute between July and September which is the period of heavy post- harvest market arrivals and also the time when prices an: manipulated by the traders to the disadvantage of the grower. It is hoped that in the next two years, the Jute Corporation would be able to exercise a dominant influence on the raw jute trade, eliminating to a great extent the trading interests and the tiers of intermediaries which have been responsible for the wide fluctuations in prices and supplies of raw jute over the years, Since it will help to stabilise prices and supplies the decision to take over raw jute trade will benefit not only the jute grower but also the jute industry.

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