Home / Knowledge / News / Textiles / Prospects of jute sector brighten
Prospects of jute sector brighten
07
Dec '09
The jute export sector is witnessing good times, once again. Shipments of raw jute and jute exports were able to record a substantial growth in the period July-September 2009, despite the clouds of economic slowdown, still not displaying signs of fully withering away.

Exports of raw jute in the first quarter of the fiscal 2009-10, surged by an astounding 28 percent, while shipments of jute products were able to register modest gains of 5.8 percent, when corresponded with July-September period of the previous fiscal.

These developments have augured well for the jute farmers, who have received remunerative prices for their jute produce in the current season as prices have moved up substantially, due to the spike in demand from domestic as well as overseas markets.

But this has also created a dilemma for the jute industrial sector, which has to fork out higher prices for raw jute to a shortage created, due to the excessive hike of growth rate in exports of the commodity from Bangladesh.

Experts are of the opinion that if prices and exports continue to climb, these enterprises may have to down their shutters and have advised the government to control shipments of raw jute and promote exports of jute products as it will help in value-addition as well as bring in an increased amount of foreign exchange into the country.


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

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Md Hanifur Rahman
Aman Group

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

Angelina Francesca Cheang
MY ANJE

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

Marten Alkhagen
Swerea IVF AB

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

Johan Berlin
InvestKonsult Sweden AB

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Pranav Mishra
Huemn

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


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