Home / Knowledge / News / Textiles / Bangladesh bans raw jute exports for a month
Bangladesh bans raw jute exports for a month
04
Nov '15
Bangladesh has imposed a month-long ban on raw jute export aiming to make the implementation of the Mandatory Use of Jute Product Labeling Law (MJPL) 2010 a success, according to newspaper reports.

The ban has been slapped to increase supply of the fibre for local jute bag and sack-makers, an official at the Ministry of Textile and Jute (MoTJ) said.

Bangladesh Jute Mills Corporation (BJMC), Bangladesh Jute Spinners Association (BJSA) and Bangladesh Jute Mills Association (BJMA) hailed the government decision.

BJSA chairman Ahmad Hossain said the decision is praiseworthy but it should have been taken one and a half month back which could benefit the spinners who use more than 3.6 million bales of raw jute.

But jute exporters said that the sudden decision of banning export of raw jute would hurt them because Pakistani, Nepali and some indian mills depend on Bangladeshi jute.

The decision was taken on November 1 by the MoTJ under the Sections 4 and 13 of the Jute Ordinance 1962, he said.

The ban will remain effective from November 03 to December 02, he said.

The official said from the beginning of this jute season, price of the golden fibre was higher in the domestic market mainly due to higher demand in both local and global markets.

Heavy rain and flood in July-September period, the jute-growing season, also caused a yield loss which led to rise in the prices, he said.

"Apart from formal export, many traders allegedly hoarded a huge volume of raw jute for which the jute mills were not getting jute as per their requirements," he said.

He said for a smooth supply of raw jute for the millers, who are working hand in hand to implement the MJPL, the government imposed the ban for one month.

Mobile courts will also be active against the traders involved in illegal stocking, he said.

Director General Department of Jute (DoJ) Muazzem Hussain said his department has started drives against hoarders.

According to the DoJ, Bangladesh's demand for raw jute is now 7.5 million bales of which jute spinners use the highest 3.6 million bales while the BJMC and the BJMA need 1.2 million bales each while raw jute export stands at more than 1.5 million bales. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search