Home / Knowledge / News / Textiles / Farmers rejoice as shortage brings spurt in jute prices
Farmers rejoice as shortage brings spurt in jute prices
22
Apr '09
The jute fibre has always been considered a poor cousin of its cotton and man-made fibre counterparts in the textile industry. Government apathy has also contributed in no less deal to the fall of this vital sector from the great heights it attained in previous years.

But the latest malady to affect this sector is the growth in prices in the last nine months. Jute of the TD-5 variety which was ruling at Rs 1,478 per quintal in July 2008, have now surged to a high of Rs 2,370 per quintal in April 2009, up nearly 60 percent.

Experts attribute this to a low jute crop in the new season which began from June 2008, since many farmers shifted to other crops due to the low remunerative prices they were receiving from the cultivation of jute in the previous years.

But at the same time, they also accuse jute mills and traders of hoarding and creating an artificial shortage, which has led to this unprecedented rise in raw jute prices. The only segment happy with this development are the farmers, who are recipients of this bounty.

The total raw jute supply this year is projected to be around 10.6 million bales (one bale=180 kg) of which the jute crop from the current season amounts to 8.2 million bales, carryover stock from the last season is 2.2 million bales and imports will add up to 200,000 bales.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Johan Berlin
InvestKonsult Sweden AB

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

Mohammad Hassan
Biax Fiberfilm

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

Kerem Durdag
Biovation II LLC

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

Judy Frater
Somaiya Kala Vidya

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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