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High jute prices greatly satisfy jute cultivators
23 Nov '10
1 min read
After experiencing several years of slow business, jute is being traded at high price in the Narail district of Bangladesh this season, which has greatly satisfied the jute growers.
During the last two years, one maund of jute was sold at Tk 900-1,200. Now, it has increased to Tk 1,900-2,000 per maund in the domestic markets.
The jute cultivators had been forced to trade the golden fibre below the production cost for the last few years. With the rise in the prices of jute, the cultivators were highly elated.
The low prices of jute prevailing over a long period had forced the cultivators to shift from jute cultivation to the farming of other crops such as paddy or vegetables.
During the last two years, one maund of jute was sold at Tk 900-1,200. Now, it has increased to Tk 1,900-2,000 per maund in the domestic markets.
The jute cultivators had been forced to trade the golden fibre below the production cost for the last few years. With the rise in the prices of jute, the cultivators were highly elated.
The low prices of jute prevailing over a long period had forced the cultivators to shift from jute cultivation to the farming of other crops such as paddy or vegetables.
Fibre2fashion News Desk-India
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