Raw Jute

Raw Jute Meaning:
In commodity trading terminology, Raw Jute refers to a fiber made from a plant of the Corchorus genus. Jute is the second most-produced fiber in world after cotton and is primarily used for the making of strong thread and burlap.

Raw Jute Example:
Raw Jute futures trade on the National Multi-Commodities Exchange or NMCE, the National Commodities and Derivatives Exchange or NCDEX, and the Multi-Commodities Exchange or MCX, all in India. Prices are quoted in Indian Rupees, and the minimum fluctuation is 10 Paise.