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Jute Policy - A5
Jute Policy - A5
Jute Policy - A5
2
Review On
NATIONAL
JUTE
By The Ministry of Textile
POLICY
and Jute, Government of
Bangladesh
Presented By: Team A5
2018
4
TABLE
OF
CONTEN
TS
01 02
TECHNOLOGY
DEPENDENT
PRODUCTION AND
EXPANSION OF JUTE
FAIR PRICING
03
DIVERSIFICATION OF
JUTE PRODUCTS
AND JUTE SEEDS
04 05
MODERNIZATION OF
JUTE MILLS
MARKET EXPANSION
5
TECHNOLOGY DEPENDENT
PRODUCTION & EXPANSION OF
JUTE & JUTE SEED
Implementation Period: 2018- 2023
Desi 24
Tosha 15
Kenaf 04
Mesta 02
Fair
Pricing
Price of Value
Jute
Tossa: Tk. 1700-2400 per $1 in jute sector
maund (40 kg) =
Desi: Tk. 1400 - 1800 $4 in garments sector
per maund (40 kg)
[2019]
Export
Absence of fixed prices
discourage foreign buyers Source(s): The Financial Express
Jute Policy 2018
8
Government:
● Observing market demand 1. Directorate General of
Jute (DGJ)
2. Bangladesh Jute Mill
● Set prices at the beginning Corporation (BJMC).
BJMC owns 14 mills
of the year
Table: Usage of Jute in DJP (Source: Technical Paper: A Road Map For Jute)
12
13
Products Export Export Export Export
performance performance performance performance
for for for for
July-June July-June July-June July-June
2011-2012 2012-2013 2013-2014 2014-2015
Performance
Jute Sacks 185.26 Mt 237.42 Mt 110.05 Mt 139.45 Mt
of DJP and Bags
International
Strong
Clients for DJP
Association
Weak Association
Domestic Clients for National
DJP SMEs
Moderate
Local
Association
DJP Value
SMEs No Association Chain
Contracting Agent (Source: CARE,
Bangladesh)
Importers of
DJP Workers
Jute Fabrics
Jute Diversification Jute Millers
Promotion Centre & Spinners
Jute Producers
15
Recommendations for enhancing
DJP
❏ We need to focus on producing high quality jute seeds and develop fashionable sorts of
jute and encourage adoption by farmers.
❏ We need to save the market of jute and jute goods to increase foreign pennies.
❏ Everyone should be encouraged about the use of DJPs.
❏ For the flourishing of diversified products made of jute, we must think of having
developed modern machineries and improving existing jute processing mills.
❏ Besides, we need to build the Management Information System (MIS) of the jute sector.
❏ Also we must increase interaction and institutional linkage amongst jute and jute seed
producers, traders, jute industries and Bangladesh Jute Research Institute for giving the
proper knowledge to jute farmers.
❏ We need to focus on establishing composite jute mills to grow high-quality fabric and
other diversified jute products from jute.
❏ Additionally it is vital to build up a skilled style institute to develop numerous styles of
jute and jute products to satisfy international demand.
❏ Lastly, all above along with that the government should prioritize the jute sector in the
16
Modernization of Jute
Mills
The Policies in section 6.4:
1. Modernize jute mill to produce diversified and better-
quality jute products.
2. Increase technical ability of workers, engineers, and
managers.
3. Create diploma and degree courses in Jute technology.
4. Make Technology Upgradation Fund.
5. Effective source to buy raw materials
6. Reduce production cost to lower the loss.
17
Recommendation
s
$2.7B
Revenue in 2018 going up by 4.6% from
2017
JUTE CONSUMPTION (Tons)
Consumption
India 2.1M
of Jute
Bangladesh 1.4M 90% share of
global
consumption
Pakistan 91K
Pakistan 453kg
China 54kg
20
21
Jute products witnessed a
healthy growth of 21.55% in
JUTE EXPORTthe first period of the fiscal
year.
Export Revenue ( July-
December 2019)
Raw Jute 88.62M
Promotional
Campaigns