Home / Knowledge / News / Textiles / Jute sector derides raw jute short supply
Jute sector derides raw jute short supply
06
Feb '10
The jute industry sources stated that, this year, jute mills of the country are experiencing a radical dearth in the supply of raw jute and this has posed a serious problem to ongoing production in many jute producing mills.

The Bangladesh Jute Spinners Association (BJSA) while expressing its distress over the scanty supply of raw jute has requested the government to intervene for subsistence of the domestic jute industry.

They urged the government to not to do away with the export ban on raw jute and to initiate necessary steps disabling the dealers to stock above 1000 maunds of raw jute for over a month.

BJSA Chairman Ahmed Hossain apprehended that, if the export ban on raw jute is removed, it would once again lead to intensified supply problem for the domestic mills, resulting in further rise in the prices of their basic raw materials and due to this many jute mills may have to pull down the shutters.

He also directed the Jute Department to intensify its check over hoarding by any unauthorized trader.

While speaking on shortfall in the supply, he said that, the 178 jute mills of the country require minimum 1.3 million bales of raw jute to carry on their production during this period.

Also that against their yearly requirement of 4.2 to 4.5 million bales, both private and state-managed mills were able to acquire only 2.9 million bales of raw jute by January 2010, Mr. Hossain informed.

He also held the significant dearth in country's output, liable for prevailing supply scarcity.

Every year, on an average 6.5 million bales of raw jute is required for export and domestic usage. Against this during this period the country's overall output was projected at 4.5 million bales.

Hossain also informed that generally, 1.8 to 2.0 million bales of raw jute is exported every year.

Owing to the short supply situations, unusual hike has been noticed in the prices of raw jute, with fibre being traded at Tk 2000 to Tk 2100 per maund. Resultantly, the production costs of the domestic jute mills have increased significantly.

Considering these extremities, the government imposed a ban on export of all sort of raw jute on December 7, 2009.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

PVH, WWF tie up to protect water bodies in Ethiopia, India

Apparel/Garments | On 23rd Apr 2018

PVH, WWF tie up to protect water bodies in Ethiopia, India

PVH Corp , parent company of brands like Tommy Hilfiger, Calvin...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

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...

Giorgio Mantovani
Corman S.p.A

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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


April 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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

Yes No

Active Poll

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

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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

Active Poll

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

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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