Home / Knowledge / News / Textiles / Excessive rains hit crop, raw jute price on a rebound
Excessive rains hit crop, raw jute price on a rebound
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

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Amrit Sethia

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

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Prathyusha Garimella
Prathyusha Garimella

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

Rupa Sood and Sharan Apparao

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


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search