Home / Knowledge / News / Textiles / Bangladesh ends raw jute export ban
Bangladesh ends raw jute export ban
30
Mar '16
In a major relief for jute exporters, Bangladesh has lifted the ban on export of raw jute four months after imposing it to meet the domestic demand.

The Ministry of Textiles and Jute (MOTJ) issued a notice on Monday announcing the withdrawal of the ban, which will come into force on April 3, media reports said.

An MOTJ official said the ban was being lifted as the supply position of raw jute is now better in the local market. "We had stopped raw jute export to keep its smooth supply in domestic market. Now the situation has improved, so the government has lifted the ban,”she said.  

Initially the ban was imposed in November last year for one month to ensure supply of jute-made bags locally for compliance of the Mandatory Jute Packaging Law 2010 (MJPL). As per the law, selective crops like rice, wheat, sugar and maize have to be packaged in jute bags.

The lifting of the ban came amid pleas from raw jute exporters as many of them had to delay shipments owing to the ban.

Restrictions on raw jute exports had hurt the exporters badly, said Abdul Quayyum, Secretary of Bangladesh Jute Association adding that many traders could have avoided losses if the government had withdrawn the ban earlier.

Only a small number of businessmen would benefit from the move now, he said. “It may be helpful for those who have stock and have orders pending. However, the good thing is that we were at the risk of losing our markets abroad, which can now be retained,” Quayyum said.

Some raw jute-importing countries such as India and Nepal had also urged Bangladesh to lift the ban. The ministry had later eased the export ban for some categories of raw jute following their appeal.

On the other hand, jute millers are not happy with the government's decision. They said they would face difficulties to meet the local demand of jute bags as the demand has risen by more than 50 per cent. Domestic demand for raw jute has increased to 6 million bales from 4.5 million bales, according to the millers. They said that government's move to lift the ban on exports was likely to push up the price of the cash crop.  

Before the ban, the country exported 2.1 million bales of raw jute out of its total production of 7 million bales, the millers pointed out.  A total of 145 private and 26 public mills supply jute goods to local and overseas markets.  (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Tajik textile-apparel exports rise 30% in Jan-Aug 2018

Textiles | On 16th Oct 2018

Tajik textile-apparel exports rise 30% in Jan-Aug 2018

Tajikistan’s production of textile and apparel rose by 30 per cent in ...

Courtesy: Good On You

Apparel/Garments | On 16th Oct 2018

Good On You aims to give consumers access to brand info

Australia based Good On You, an app that provides ratings of over...

Courtesy: Rieter

Textiles | On 16th Oct 2018

Rieter launches new ring and compact spinning machines

Rieter has launched G 37 and G 38, the new ring spinning machines,...

Interviews View All

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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

Leave your Comments


October 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search