DHAKA, Sept. 7 (Xinhua) Bangladesh jute markets are now bustling with buyers looking for a bargain. Known as the Golden Fiber, jute is one of the major cash
Bangladesh's export earnings saw around 15% growth, rising to $3.98 billion in the first month of the new fiscal year. Of the export earnings, RMG shipments earned over $3.36 billion, registering a 16.61% growth year-on-year, according to data released by the Export Promotion Bureau (EPB) on Tuesday. Export receipts surpassed the $3.92 billion target set for the month.
When Bangladesh is waiting for India's response to a request for revoking anti-dumping duties on jute, Indian traders now want their government to continue those to protect their industry. The Indian Jute Mills Association (IJMA) claimed that Bangladesh gives incentives to jute to boost its exports which is "a threat" to India's jute sector, according to a report of The Hindu
The government is set to launch a special drive against illegal stockpiles of raw jute to ensure a smooth supply in the domestic market and enable mills to make jute goods for export, the textiles and jute ministry said yesterday.
The Bangladesh Jute Mills Association (BJMA), the Bangladesh Jute Spinners Association (BJSA) and the Bangladesh Jute Association (BJA) recently jointly decided not to buy.