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According to data published by the Export Promotion Office (EPB), Bangladesh earned কোটি 691.3 million in jute and jute product exports in the first ten months (July-April) of the current fiscal year 2019-20.
This figure is 14 percent higher than in the same period last year. And 16 percent more than the target.
And through this, for the first time, the jute sector ranked second in Bangladesh’s export trade, outperforming leather.
## During July-April, Bangladesh exported a total of $ 2,949.34 billion in goods. This figure is 13.09% lower than the same last fiscal period. And 21.24% less than the target.
## In these ten months, the export earnings of ready-made garments have been $ 24.46 billion. This is 14.08% less than the same last fiscal period and 22.24% less than the target.
## Exports of leather and leather products represented 600 million, 16.28% less than in the same period last year.
## During this period, the export of frozen fish has decreased by 6.72 percent. Exports of specialized textiles decreased by 19 percent.
M. Sajjad Hossain Sohail, president of the Bangladesh Jute Exporters Association (BJGEA), told bdnews24.com: But we are optimistic that jute can bring us good news. “
However, the impact of the epidemic has also been felt, he said, adding that while exports in the sector grew by more than 23 percent in March, they fell to 18 percent in April due to the closure of factories.
When asked why he was optimistic, the president of BJGEA said: “Even if the demand for other products decreases due to the coronavirus, the demand for jute products will not decrease. Crops must be grown for food, and bags of jute to pack those crops. We’ve already started getting orders from Australia. “
These jute products are also exported. Photo: Mostafizur Rahman
Sohail says the use of polyethylene was already declining in most countries due to environmental damage. The issue of reducing contamination in the confinement during the Covid-19 crisis is being discussed.
“I think the environmental issue will come to light more strongly. And that will increase the demand for jute and jute products.”
He said that the demand for jute in Bangladesh could increase for sacks or bags, as well as for carpets. “Our jute yarn is used to make rugs.” Many will change the carpet in the home or office for fear of Kovid-19. Then the value of our jute will increase. “
In the last fiscal year 2018-19, Bangladesh earned কোটি 61.63 crore from this sector, which was 20 percent less than the previous fiscal year.
In fiscal year 2016-17, Bangladesh earned $ 1.26 billion from exporting jute and jute products. At that time, the export of this sector exceeded one billion dollars.
Before that, in the fiscal year 2016-17, 96 crore 20 lakh dollars and in the fiscal year 2015-16, 92 crore dollars were earned from this sector.
The export target for the current financial year has been set at কোটি 724 million. BJGEA President Sajjad Hossain Sohail expects more to come at the end of the financial year.
“Exports would have exceeded ১ billion this time, given the positive growth trend,” he said. But I don’t know if it will be due to the coronavirus outbreak. There are still two months; Let’s see what happens “.
Sohail said that jute prices and jute products in the world market have increased between 20 and 25 percent. The price of crude jute has increased by 30 percent. The demand for jute and jute products has also increased due to the reduction in the global use of polyethylene.
“It will increase in the future. We will be able to recover our lost tradition of gold fiber if we take a look at this sector. It should be noted that jute is produced only in one or two countries, except Bangladesh. As the world changes, so will the demand for jute products. ”
Visitors to a booth displaying jute products.
As part of that approach, the president of BJGEA suggested taking steps to increase production, provide incentives if necessary, and be strict in applying existing laws.
“As prices rise on the world market, our traders are now exporting many raw materials to India without selling them to our factories,” he said. Because of this, we are unable to produce jute bags, sacks, sacks and other products due to the lack of jute. But the farmers did not get the added benefit of the raw material here. ”
The government enacted a law in 2010 to increase the use of jute in the country. According to the law, the use of jute bags has been made compulsory for the storage, supply and packaging of rice, rice, wheat, corn, fertilizers and sugar. However, Sohail complained that it was not accepted in all cases.
“Unfortunately, we have noticed that only rice, rice, and wheat are being used in jute packaging, which is also in short form; In the capital Dhaka. No one in the districts and upazilas is obeying this law. “
If jute bags were made mandatory on six products, the number of jute factories in the country would have doubled and employment would have increased, he said.
Abdul Qayyum, Secretary General of the Bangladesh Jute Association, told bdnews24.com: “Plastic bags will be banned in many European markets in the next one to two years. That market is huge; jute bags can be a alternative to plastic bags. We have to be ready to capture that market now. “
Gold fiber jute bikini at Ghior Haat in Manikganj. Photo: Mostafizur Rahman
M. Asaduzzaman, a researcher at the Bangladesh Institute for Development Studies (BIDS), expressed a similar opinion.
He told bdnews24.com: “It is good news that more jute money is coming. However, without complacency, we must also take the initiative to maintain its continuity in the coming days. ”
Asaduzzaman said: “As awareness of the environment increases worldwide, the value of jute will continue to increase. Realizing this, we have to make arrangements so that we can continually increase the export of jute and jute products. ”
Currently, there are a total of 22 jute factories in the state sector and around 200 in the private sector.
Turkey, Afghanistan, Algeria, Austria, Belgium, Benin, Brazil, Bulgaria, Canada, Chile, China, Congo, Costa Rica, Egypt, Italy, Indonesia, Ethiopia, The Gambia, Germany, Guatemala, Haiti, India, Bangladesh export jute and products jute to 50 countries around the world, including Jordan, Korea, Libya, Malaysia, Pakistan and Mexico.
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