Government reduces Jute Stock Limits for Raw Jute Traders and Balers to Zero
- Jute Commissioner, under the Ministry of Textiles, slashed permissible stock holdings of raw jute held by traders and balers to NIL, forcing offload to jute mills.
- Invoked under the Essential Commodities Act, 1955 to curb hoarding and stabilise raw jute supply when prices ran above MSP.
- UPSC relevance: intersection of agri-commodity price management, MSP regime, ECA 1955, and industrial policy for a traditional employment-intensive sector.