Bangladesh met half of its export target for jute products in the 2014-15 fiscal, Textiles and Jute Minister Emaz Uddin Pramanik told Parliament yesterday.
“Our aim was to export 2,15,540 metric tonnes but we managed to export 1,17,953 metric tonnes – 54.98% of the target,” he said.
Pramanik said sale of jute products, produced by Bangladesh Jute Mills Corporation, declined after the Mandatory Jute Packaging Act 2010 was implemented. The government wants to export of 2,13,955 metric tonnes of jute products in the current fiscal.
Bangladesh also exports raw jute to India, Pakistan, China, Nepal, Germany, Korea, Brazil, Djibouti, Russia, Vietnam, Ivory Coast, USA, UK, El Salvador, Iraq and Iran. The minister said 75.58 lakh bales (1 bale = 180kg) of jute had been produced in the 2015-16 fiscal.
In the last fiscal, Bangladesh exported about 10 lakh bales of raw jute and earned Tk816.74 crore, he added. Between July and December of the current fiscal, 5.46 lakh bales of raw jute was exported that earned Bangladesh of Tk474.31 crore.
