Home / Knowledge / News / Textiles / Farmers receive quality based price for jute fibre
Farmers receive quality based price for jute fibre
10
Aug '10
On the basis of their quality, farmers are now able to earn a fair price of jute in the range of Tk 1,400-1,800 per maund, in the country's northern region.

However, although farmers are earning a fair price, hundreds of middlemen might generate almost two-fold the profits as they are found hoarding huge stocks, which they can trade after a few months, informed, farmers and industry experts.

In the mean time, distribution of Tk 76 million amongst 3,80,000 farmers of all eight districts, under the Rangpur division is nearing completion. This fund was distributed for easing jute rotting process and upgrading fibre quality by making use of the ribbon retting method.

Around 15 jute mills under Bangladesh Jute Mills Corporation (BJMC) have been buying jute at rates ranging between Tk 1,400-1,640, on basis of the quality of fibre. Key private sector jute mill have been buying the finest quality jute at a rate close to Tk 1,800 per maund.

But in other upazilas, wherein there exist no purchasing centres of the BJMC or private sector key jute mills, farmers are trading jute fibre in the range of Tk 1,000-1,300. taking advantage of this, the middlemen are buying bulk quantities of the jute fibre at reduced prices, similar to their practice in the previous years, and are stocking them in their own godowns.

Fibre2Fashion News Desk - India


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Giorgio Mantovani
Corman S.p.A

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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:
July 2017

July 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