Home / Knowledge / News / Textiles / Bangladesh ends raw jute export ban
Bangladesh ends raw jute export ban
30
Mar '16
In a major relief for jute exporters, Bangladesh has lifted the ban on export of raw jute four months after imposing it to meet the domestic demand.

The Ministry of Textiles and Jute (MOTJ) issued a notice on Monday announcing the withdrawal of the ban, which will come into force on April 3, media reports said.

An MOTJ official said the ban was being lifted as the supply position of raw jute is now better in the local market. "We had stopped raw jute export to keep its smooth supply in domestic market. Now the situation has improved, so the government has lifted the ban,”she said.  

Initially the ban was imposed in November last year for one month to ensure supply of jute-made bags locally for compliance of the Mandatory Jute Packaging Law 2010 (MJPL). As per the law, selective crops like rice, wheat, sugar and maize have to be packaged in jute bags.

The lifting of the ban came amid pleas from raw jute exporters as many of them had to delay shipments owing to the ban.

Restrictions on raw jute exports had hurt the exporters badly, said Abdul Quayyum, Secretary of Bangladesh Jute Association adding that many traders could have avoided losses if the government had withdrawn the ban earlier.

Only a small number of businessmen would benefit from the move now, he said. “It may be helpful for those who have stock and have orders pending. However, the good thing is that we were at the risk of losing our markets abroad, which can now be retained,” Quayyum said.

Some raw jute-importing countries such as India and Nepal had also urged Bangladesh to lift the ban. The ministry had later eased the export ban for some categories of raw jute following their appeal.

On the other hand, jute millers are not happy with the government's decision. They said they would face difficulties to meet the local demand of jute bags as the demand has risen by more than 50 per cent. Domestic demand for raw jute has increased to 6 million bales from 4.5 million bales, according to the millers. They said that government's move to lift the ban on exports was likely to push up the price of the cash crop.  

Before the ban, the country exported 2.1 million bales of raw jute out of its total production of 7 million bales, the millers pointed out.  A total of 145 private and 26 public mills supply jute goods to local and overseas markets.  (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Decision in UK budget to attract investment in retail: BRC

Textiles | On 24th Nov 2017

Decision in UK budget to attract investment in retail: BRC

British finance minister Philip Hammond’s announcement in his budget...

Courtesy: Shangdong Ruyi

Textiles | On 24th Nov 2017

Shangdong Ruyi to acquire major stake in Bagir

Shangdong Ruyi Technology Group Ltd, one of the leading Asian global...

Chinese e-commerce firm JD.com invests $44 mn in Tiki.vn

Apparel/Garments | On 24th Nov 2017

Chinese e-commerce firm JD.com invests $44 mn in Tiki.vn

Chinese e-commerce firm JD.com has invested $44 million in Tiki.vn, a ...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Nuno Venda
ROQ

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

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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