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

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Steve Cole
Xerium Technologies

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Pranav Mishra
Huemn

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

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

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

July 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

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

Yes No

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

Yes No

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


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



X