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Raw jute yield to touch about 12 mn bales

12
Jul '10
Owing to better price for raw jute and good weather conditions, production of raw jute has witnessed a significant increase, higher than expected.

On the basis of the figures available off-hand, raw jute production is likely to touch 11.5-12 million bales (of 180 kg each) in 2010-11, as compared to the initial estimates of 10.7 million bales. Thereby, indicating a surge of over 12 percent. But the overall rise is about 33 percent more than the production of 9 million bales registered last season.

Increased prices, favourable weather conditions, sufficient waters, humidity and sunlight were the main reasons for the improved and increased crop this season.

Apparently, the ex-Kolkata, TD-4 variety of raw jute price, which is priced at Rs 3,300 per quintal has encouraged farmers to raise its cultivation this year. While harvesting only commences in June-July, jute sowing season starts between March and April.

The Union Government too increase the Minimum Support Price (MSP) for raw jute by 14 percent in the 2010-11 fiscal. Government had set the MSP for TD-5 grade of jute, ex-Assam at Rs 1,575 per quintal, which was around Rs 200 per quintal over the previous season's price.

Therefore, rise in MSP of raw jute also seemed to have boosted the farmers to increase their investment in the cultivation of jute, thereby, surging the manufacture of the agri product this year. Jute harvesting is likely to take place from the third or fourth week of July.

Based on figures that were estimated earlier, raw jute production was supposed to be around 10.7 million bales. But as of today it has been increased to 11.5 – 12 million bales. However, with a leftover of about 1.2 million bales from 2009-10 and a probable import of 3 – 5 lakh bales, the overall availability of raw jute is likely to be around 13.5 million bales.

If one has to consider the local usage of raw jute for this year at par with that of 2009-10, which was 1 million bales, and with a probable export of 2 lakh bales, the total raw jute availability for mill purposes is estimated to be around 12.3 million bales, which is said to be adequate for the mill requirements, if the mills operate at full capacity.

Fibre2Fashion News Desk - India


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