Home / Knowledge / News / Textiles / BJMC jute mills post 15.5% export growth in 2011-12
BJMC jute mills post 15.5% export growth in 2011-12
13
Jul '12
Exports of the 27 state-run jute mills, operating under the Bangladesh Jute Mills Corporation (BJMC), for 2011-12 increased by 15.5 percent to Tk 10.84 billion, up from previous fiscal’s Tk 9.38 billion.
 
The rise in exports is mainly due to increased exports to the Asia-Pacific region.
 
Thailand stood to be the biggest importer of jute products, as following a bumper rice production, the country imported about 10,000 tons of jute sacks and bags from Bangladesh during 2011-12.
 
India also purchased jute sacks in bulk to pack its surplus production of rice and corn.
 
During the fiscal year, BJMC was successful in expanding its market in countries like Malaysia, Indonesia and Vietnam. 
 
BJMC expects its exports to grow further during the current fiscal if political conditions in the Middle East and some African countries improve.
 
Last fiscal, political turmoil in the Middle East and North African countries like Egypt, Tunisia, Iran, Libya, Syria, Bahrain and both parts of Sudan, adversely impacted exports of the BJMC mills to these countries.
 
Despite a rise in exports, domestic sales of jute and jute products witnessed a sharp decline during the year and plummeted from 2010-11’s 26,560 tons worth Tk 3 billion to 13,650 tons worth Tk 1.67 billion during 2011-12.
 
According to the Export promotion Bureau (EPB), Bangladesh’s overall jute and jute product exports for 2011-12 plummeted by 13.23 percent to US$ 967.38 million.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Certification for Philippine garment firms availing GSP

Textiles | On 20th Jun 2018

Certification for Philippine garment firms availing GSP

The Philippines has adopted rules on securing certificate of...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

C Dhandayuthapani

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

Johan Berlin
InvestKonsult Sweden AB

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search