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India’s jute industry sales volumes expected to rise 15%

The Economic Times, citing Crisil Ratings, reports an expected turnaround for the sector, with lower raw jute prices projected to improve profitability and margins.

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2 Sources, 9d ago, first seen 9d ago

TLDR

India’s jute industry could see sales volumes rise 15%, The Economic Times reports, citing Crisil Ratings. The report also forecasts a 20% increase in domestic demand and says lower raw jute prices are expected to improve profitability and margins. It points to export opportunities and value-added products as further growth prospects.

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2 Sources, first seen 9d ago

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2 Sources, first seen 9d ago

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@EconomicTimesIndia’s jute industry set for turnaround as sales volumes seen rising 15%, margins improve: Crisil Ratings https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/indias-jute-industry-set-for-turnaround-as-sales-volumes-seen-rising-15-margins-improve-crisil-ratings/articleshow/134384464.cms
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    2 Sources

    @EconomicTimesIndia’s jute industry set for turnaround as sales volumes seen rising 15%, margins improve: Crisil Ratings https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/indias-jute-industry-set-for-turnaround-as-sales-volumes-seen-rising-15-margins-improve-crisil-ratings/articleshow/134384464.cms
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