Jute price in the domestic market have surged to Tk 2,200 per maund (1 maund=40 kg) and this has extended a reason to jute cultivators in the northern part of country to rejoice, as they are now making good profits.
The jute prices may further escalate during the season, on account of heavy demand. It is just in the last week that jute was traded at around Tk 1,600 to Tk 1,900 per maund based on the variety and quality.
In the Rangpur Agriculture Zone (RAZ) alone, 419,600 jute cultivators were provided with incentives to the tune of Tk 83.92 crore. Also during the season, the government distributed 4,196 ribboners amongst these farmers free of cost, to ease separation of fibre with the use of the ribbon retting technique and to improve the quality of produce.
In the current season, farmers planted jute crop on 199,833 hectares of area in the region and have produced 1.47 million jute bales. Around 44 percent more area was brought under jute cultivation this season as against the targeted figure.
Fibre2fashion News Desk - India
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