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Prime Minister Sheikh Hasina stated that while being an environment-friendly agricultural product, jute did not receive the necessary attention and incentives like the country’s RMG (readymade garments) industry.

Jute, as an agricultural product, does not have that option. Jute desperately needs that scope. Jute earlier brought in foreign currency for the country, and there were similar chances because environmental awareness had increased as a result of climate change.

There are currently six government textile engineering colleges in Chattogram, Pabna, Noakhali, Jhenaidah, Barishal, and Rangpur. These are run by the textile directorate within the Ministry of Textiles and Jute and are linked with the Bangladesh Textile University.

Source for more details:

Dhaka Tribune

NEW AGE

In Khulna markets, jute sales have sharply reduced this year, and as compared to last year, its exports have dropped by 50%. The dealers expect that the sales will rise up soon, though.

Jute worth Tk 19.22 crore in 14,750 bales was exported in the first half of the current fiscal year. 12,000 bales of jute worth Tk 38.18 crore were simultaneously exported in FY 2021–22. Jute exports reached 19,000 bales in the second half of FY22 (January to June), for a total value of Tk 15.33 crore.

Traders claim that the war in Russia and Ukraine and the global economic recession both contributed to a further decrease in jute exports. Another factor contributing to the decline in exports is the rising cost of dollars in the importer countries.

 Source for more details:

The Business Post