Farmers are getting good prices for jute harvested early in low-lying districts, thanks to the rising demand at home and abroad.
The implementation of the Mandatory Jute Packaging Law (MJPL)-2010 in the country has led to rise in domestic demand, insiders said.
Newly-harvested jute has been selling at Tk 1,250 to Tk 1,400 (desi) and Tk 1,800 to Tk 2,200 (tossa) per maund (40 kilograms) in local markets in jute-growing hubs, sources said.
Jute season started in early July with the prospect of higher production this year due to timely rain at the cultivation stage in March-May period.
Good prices last year too encouraged farmers to raise the acreage of jute cultivation this year, officials said.
However, officials at the field service wing of the Agriculture Extension Department (DAE) said jute production target for this year was set at 7.6 million bales (1 bale=180kg) from 0.72 million hectares.
Regional field reports showed that jute acreage has increased notably in a few areas of the country as prices were high last year.
Jute production in the last financial year was estimated at 7.3 million bales cultivated on 0.71 million hectares. The increase in acreage and availability of water in water for retting jute have brightened the prospect for quality jute this year, officials said.
Sources in the major jute-growing districts said newly-harvested Tossa variety was selling at Tk 1,800-Tk 2,200 per maund.
Desi variety was selling at Tk 1,250-Tk 1,400 per maund. The farmers, who have an early harvest, are apparently happy at the prices.
Local jute mills, especially the spinning mills, have started purchasing raw jute from the primary market through their agents.
Farmers in Rangpur and Dinajpur agricultural regions were happy with early retted Desi jute as they are getting Tk 1,250-Tk 1,300 for per maund.
In Rangpur region, jute acreage increased to 0.12 million hectares this year from 0.1 million hectares last year in eight districts, DAE Regional Office data showed.
Media reports from Tangail, Sirajganj, Pabna and Mymensingh said new jute would hit the market in a week.
Last year, the price of jute was also good-Tk 1,200-Tk 1,300 (desi) and Tk 1,600-2,000 (tossa) per maund at the beginning of jute marketing season, deputy director at the Department of Agricultural Marketing (DAM) Touhid Md Rashed Khan said.
He said the price of jute sticks was also good, which is helping farmers get good profits.
Chairman of the Bangladesh Jute Mills Association (BJMA) Muhammad Shams-uz Zoha told the FE that the implementation of MJPL has raised the demand for raw jute in the country.
Last year, the government imposed ban on exports to ensure smooth supply of the fibre for local mills involved in production of sacks and Hessians.
The government later lifted the ban on export, but the BJMA Chairman said, the ban should be re-introduced to ensure availability of the golden fibre for local mills.
The MJPL has made it compulsory to use jute-made sacks and bags in packaging rice and paddy, wheat, maize, fertiliser and sugar.
Bangladesh needs more than 3.5 million bales of jute annually to produce 480 million pieces of sacks and hessians to meet the estimated annual demand.
Export Promotion Bureau (EPB) data showed the jute sector's export earnings increased by 6 per cent in FY'16 over FY'15 as exporters fetched US $ 919 in the just ended financial year.
Raw jute export showed a 55 per cent growth in FY'16 over that of FY'15.
Source : http://www.thefinancialexpress-bd.com/
The implementation of the Mandatory Jute Packaging Law (MJPL)-2010 in the country has led to rise in domestic demand, insiders said.
Newly-harvested jute has been selling at Tk 1,250 to Tk 1,400 (desi) and Tk 1,800 to Tk 2,200 (tossa) per maund (40 kilograms) in local markets in jute-growing hubs, sources said.
Jute season started in early July with the prospect of higher production this year due to timely rain at the cultivation stage in March-May period.
Good prices last year too encouraged farmers to raise the acreage of jute cultivation this year, officials said.
However, officials at the field service wing of the Agriculture Extension Department (DAE) said jute production target for this year was set at 7.6 million bales (1 bale=180kg) from 0.72 million hectares.
Regional field reports showed that jute acreage has increased notably in a few areas of the country as prices were high last year.
Jute production in the last financial year was estimated at 7.3 million bales cultivated on 0.71 million hectares. The increase in acreage and availability of water in water for retting jute have brightened the prospect for quality jute this year, officials said.
Sources in the major jute-growing districts said newly-harvested Tossa variety was selling at Tk 1,800-Tk 2,200 per maund.
Desi variety was selling at Tk 1,250-Tk 1,400 per maund. The farmers, who have an early harvest, are apparently happy at the prices.
Local jute mills, especially the spinning mills, have started purchasing raw jute from the primary market through their agents.
Farmers in Rangpur and Dinajpur agricultural regions were happy with early retted Desi jute as they are getting Tk 1,250-Tk 1,300 for per maund.
In Rangpur region, jute acreage increased to 0.12 million hectares this year from 0.1 million hectares last year in eight districts, DAE Regional Office data showed.
Media reports from Tangail, Sirajganj, Pabna and Mymensingh said new jute would hit the market in a week.
Last year, the price of jute was also good-Tk 1,200-Tk 1,300 (desi) and Tk 1,600-2,000 (tossa) per maund at the beginning of jute marketing season, deputy director at the Department of Agricultural Marketing (DAM) Touhid Md Rashed Khan said.
He said the price of jute sticks was also good, which is helping farmers get good profits.
Chairman of the Bangladesh Jute Mills Association (BJMA) Muhammad Shams-uz Zoha told the FE that the implementation of MJPL has raised the demand for raw jute in the country.
Last year, the government imposed ban on exports to ensure smooth supply of the fibre for local mills involved in production of sacks and Hessians.
The government later lifted the ban on export, but the BJMA Chairman said, the ban should be re-introduced to ensure availability of the golden fibre for local mills.
The MJPL has made it compulsory to use jute-made sacks and bags in packaging rice and paddy, wheat, maize, fertiliser and sugar.
Bangladesh needs more than 3.5 million bales of jute annually to produce 480 million pieces of sacks and hessians to meet the estimated annual demand.
Export Promotion Bureau (EPB) data showed the jute sector's export earnings increased by 6 per cent in FY'16 over FY'15 as exporters fetched US $ 919 in the just ended financial year.
Raw jute export showed a 55 per cent growth in FY'16 over that of FY'15.
Source : http://www.thefinancialexpress-bd.com/
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