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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


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