The government is going to provide Tk 8.10 crore worth of incentives to farmers in a bid to increase jute cultivation and production across the country.
Earnings from jute exports from Bangladesh slumped for the second consecutive year in July-January, raising concerns for the promising industry, one of the few sectors for which raw materials are locally available.
Only two major exports, namely apparel and leather and leather goods, performed well in the first half of the current fiscal year as global demand for non-garment items has fallen in the face of high inflation stemming from the Russia-Ukraine war.
Bangladesh export earnings: Exports fetched a record $5.37 billion in December as consumer spending centring on Christmas in the Western world returned in full swing after two pandemic holiday seasons marked by health fears and supply shortages.