Home / Knowledge / News / Textiles / Exports of jute and its products, set new records

Exports of jute and its products, set new records

22
Jul '10
Exports of jute and jute products, last fiscal, marked a new high, mainly attributable to the rise in prices of raw jute in the overseas market coupled with the globally rising demand for biodegradable goods.

As per the Export Promotion Bureau (EPB) data, country's jute and jute product exports went up by 76.43 percent during July 2009 to June 2010, thus generating a revenue worth of US $736.44 million.

Export figures for jute yarn and twine with a revenue worth $397.69 million posted a growth of 88 percent for the period under consideration, as against for same period last year.

Also, raw jute exports, as against earnings worth $148.17 million in 2008-09, grew by 32.46 percent in 2009-10 with earnings worth $196.27 million.

The recently released reports of EPB mention that, jute and jute products now stand second in Bangladesh's list of most exported items.

An expert said that, this hike in volume of jute and jute can mainly be assigned to three reasons vis-à-vis expensive raw material, revival of few Bangladesh Jute Mills Corporation (BJMC) mills that were previously closed and growth of privately owned mills.

Where Bangladesh sources raw jute and jute goods to almost 150 countries across the globe, it only supplies raw jute to Turkey, Belgium, Iran, Spain, Syria, Uzbekistan, China, India and Pakistan.

Price of raw jute in the domestic markets was recorded at Tk 2,700 per maund on July 18, 2010, while the same was recorded at Tk 1,200 per maund in June 2009.

According to the industry circles as against $600 last year, the prices of raw jute in the world markets were recorded at $1,200 per tonne this year.

The country, where it annually produces around 4.8 million bales (1 bale = 180 kg) of raw jute, churning around 360,000 tons of jute yarn per year, jute sack production, as against this figure, comes to merely 240,000 tonnes.

Fibre2Fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 1st Apr 2020

Indian ministry asks over 10 manufacturers to produce PPE

The Indian health ministry has asked over 10 domestic manufacturers...

Pic: Shutterstock

Apparel/Garments | On 1st Apr 2020

Five more brands not to cancel export orders to Bangladesh

Five more global fashion brands-three European and two North...

Pic: Venturelli Luca / Shutterstock.com

Retail | On 1st Apr 2020

H&M to take goods already manufactured, assures suppliers

Swedish retail giant H&M recently assured its garment suppliers of...

Interviews View All

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Top executives, Textile industry

Top executives
Textile industry

Technical textiles industry moving back to Europe

Top executives, Textile Industry

Top executives
Textile Industry

We will move away from mass production to production in micro-factories

Emanuel Fertuzinhos,

Emanuel Fertuzinhos

Founded in 1981, Lisama, a Portuguese company, is a pioneer in the textile ...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Larry Fontana,

Larry Fontana

Italy-based Lafer SpA is one of the most innovative surface finishing...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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


March 2020

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


Advanced Search