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Jute exports on the mend
Bangladesh s jute industry is passing exceptional times.
With raw jute trade at a historic high amid scarcity resulting from low yield, export earnings are surging.
However, millers said much of the growth in export receipts of jute yarn, twine, sacks and bags are the result of a price increase.
The volume of shipments increased too but the extent of growth was not as much as the spike in value growth.
Data from the Export Promotion Bureau (EPB) showed that export earnings from the main exportable yarn and twine soared 42 per cent year-on-year to $449 million in the July-December period of fiscal 2020-21.