Jute| Raw jute prices are likely to flare up on the back

Raw jute prices are likely to flare up on the back of higher estimates of domestic consumption of the fibre crop by the Jute Advisory Board (JAB). Higher prices are expected to exert pressure on realisations of jute mill owners. Prices of TD5 variety are hovering around Rs 47,000 per tonne this year compared to MSP of Rs 27,000 a tonne.