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Farmers expand jute growing acreage
Jun '10
Influenced by increasing prices, farmers have started cultivating more lands with the jute cash crop, thereby, leading to a rise in jute growing lands in the country.

A huge jute land is most probably to increase production if the weather conditions remain favourable in the coming days. As per the current estimates, jute acreage has risen to almost 13 lakh acres from 10 lakh acres last year.

According to a jute farmer from Madhukhali in Faridpur, which is the key jute producing area, greater output is expected this year as compared to the previous year.

With farmer's rising inclination in reaping benefits from higher prices fetched from the jute crop, Faridpur is witnessing expansion of its jute growing areas.

As of now, the cost of find jute has increased and is almost at Tk 3,000 per maund. Owing to this, farmers are taking the risking of cultivating improved amount of jute.

In the last season, a farmer sold his jute crop in the range of Tk 1,200-1,800 per maund, which is higher than the range of Tk 800-1,200 per maund recorded in the previous season. Currently, the jute prices are in the range of Tk 1,500 – 2,000.

Jute good manufacturers and traders said that, the demand-manufacturing gap is the factor behind the sky-rocketing prices of jute in both the local and international markets. Another factor adding to the increase in prices is the rumour and a slight move made by couple of traders to pile up the naturally available fibre.

But industrial experts opine that, demand of jute increased worldwide owing to its environmentally-friendly nature. More so, in the last couple of years, raw jute prices continued to be at higher levels, due to increasing demand worldwide.

During 2008-09, raw jute production increased to 4.97 million bales from 4.72 million bales that were registered last year. Almost, one-third of the raw jute produce is exported, while the domestic mills make use of the remaining amount of jute to manufacture goods mainly for export purposes.

Already this year, the total jute acreage has crossed the target of 4.8 lakh hectares (1 hectare = 2.47 acres). Jute acreage is likely to cross 5 lakh hectares this year.

Currently 4 million people directly depend on jute cultivation, which is the second most vital fibre after cotton.

Fibre2Fashion News Desk - India

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