In another bad news for the jute industry, India has slapped anti-dumping duty on jute sacking cloth from Bangladesh, triggered by a spike in its import following the imposition of similar duty on sacks and products in 2017. Earlier on 5 January, 2017 India had imposed anti-dumping...
The government has decided to shut the operation of the ailing state-owned jute mills under the Bangladesh Jute Mills Corporation (BJMC), sources said. It is also planning to allow the private sector to operate the mills provided that they have expertise in the jute sector business, they...
Bangladesh’s export earnings in April declined by 82.85 per cent year-on-year as the demand for goods shrank on the global market and the production remained suspended in the country in the month due to the global coronavirus outbreak. The country’s single month export earnings in April this...
Jute and jute goods brought home the bacon this fiscal year when most other export-earning sectors flatlined, thanks to a recovery in demand for natural fibre-based yarn and biodegradable products abroad. Earnings from the sector rose 21 per cent year-on-year to $602 million in July-January this fiscal...