<span style="color: #222222;">The Centre has decided to lift the Price Capping of Raw Jute with effect from Friday. The price cap of six thousand 500 rupees per quintal for TD5 grade of raw jute was fixed from 30th of September last year on purchase of raw jute by the Jute Mills and other end users. The decision was taken after careful examination of the market dynamics of raw jute trade.<br />''<br />''Textiles Ministry in a statement said, Jute Commissioner Office has been collecting the information about the raw jute prices through formal and informal sources and it has found that the present prices are ruling near the capped price. As the existing prices of Raw Jute are ruling around 6 thousand 500 rupees Government has taken a decision to lift the price capping.<br />''<br />''Textiles Ministry said, it is expected that the cap removal will help the farmers, Mills and Jute MSME sector wherein over seven lakhs people are dependent on the jute trade in addition to about 40 lakh jute farmers. The decreasing trend in prices will also benefit jute goods exports which constitute about 30 per cent of the Industry's turnover in value terms. </span><br />