Home / Knowledge / News / Textiles / Excessive rains hit crop, raw jute price on a rebound
Excessive rains hit crop, raw jute price on a rebound
20
Jul '11
Excessive rains this year have hit the jute crop in Bangladesh giving rise to speculations of output being below expectation. This has led the price of raw jute to rebound.

At Faridpur, one of the main jute producing regions in the country, price of the hardstick tosha variety of newly harvested raw jute has increased to Tk 1,800 to Tk 2,100 per 40 kg, from Tk 1,700 to Tk 1,800 per 40 kg recorded at the beginning of the current month.

Similarly, the price of jute harvested last year and since stocked has also increased sharply over the past few days, as the demand started accelerating after some jute millers in the region started procuring the crop.

A good crop production was expected this year as a rise of 20 percent was registered in the jute cultivation acreage for the current season. This year, the crop is being cultivated on an area of 1.38 million acres, as against last season's 1.15 million acres.

Such a significant rise in crop cultivation acreage gave rise to positive hopes for increased crop output. However, the hopes dried down after continuous heavy rains during second half of June which adversely impacted the growth process of standing crops.

Last year, 5.9 million jute bales (1 bale = 180 kg) were produced, higher than the output of 5.172 million bales achieved the year before.

Output for the current season was previously projected to rise to 6.6 million bales. However, there are speculations that the production may be about 30 percent below last year's output due to the continuous heavy rains coupled with pest attacks spoiling the crop.

Even at present, the demand for jute is higher than its supply, and the per acre yield is likely to keep below expectation as plant roots in fields in many regions have rotten due to water logging after heavy rains.

Fibre2fashion News Desk - India


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Urs Stalder
Sanitized AG

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

January 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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