The jute sector continues to face double whammy as imports of finished goods have jumped by 24%, while exports have declined by 22% in the April to January.  By the National Jute Board estimates, exports for the period have declined sharply to Rs.1,115 crore.  In terms of quantity, the decline was 35%, said an IJMA official.

"According to National Jute Board estimates, jute exports for the period April-January of FY15 have declined sharply to Rs 1,115 crore, down 22% in rupee terms and 20% in dollar terms as compared to corresponding period of FY14," said a senior official of Indian Jute Mills Association (IJMA).