Bangladesh Jute Exports Increase, But Unit Price Does Not Increase Or Decrease.
According to Bangladesh official statistics, 2011-2012 accounting
year
In the first quarter, the export volume of Bangladesh jute was 431 thousand and 364 bales (Bale), and the export volume was 2 billion 900 million 1 thousand Wanda card, which was 237 thousand and 351 bales compared to the same period last year. Compared with 1 billion 900 million 5 thousand and 100 Wanda card, it increased 1 billion Dhaka (1 US dollars to 76 Dhaka).
Mahfuzul Haque, President of Bangladesh Jute Association (BJA), Bangladesh, said that although the export volume increased, the export unit price did not increase or decrease due to the reduction in purchase by international buyers.
He also said that the price of jute per pound was $700 last year and this year.
fall to
420 to 460 dollars per pound.
The president pointed out that international buyers were informed that Bangladesh's jute market was down because of the news from Bangladesh media. Therefore, they insisted that they would not raise their purchase price. It is not known that many Bangladesh jute export factories bought goods hoarded at a high price of jute, causing a considerable loss of jute export factories, which also affected the sale of jute in Bangladesh during the season.
Number
And prices, because Bangladesh jute export factories are inadequately funded and unable to stock up with growers.
Currently, the major export countries of Bangladesh jute are India, China, Vietnam, Cote d'Ivoire, Malaysia, Holland, Nepal, Bhutan, the United States, Russia and Thailand.
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