Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 935 Mon. January 15, 2007  
   
Business


Jute yarn, twine export on the rise


With robust growths in jute yarn and twine exports during the last five years, earning from the spinning sub-sector is on the rise, giving a boost to the jute industry.

In 2005-2006 fiscal year, export earning from yarn and twine was Tk 1162 crore, an 21.55 percent up from the previous year, according to Bangladesh Jute Spinners' Association (BJSA).

"Quality products as well as efficient management of the spinning mills have contributed to the growths," said BJSA Secretary Shahidul Karim.

"Currently, Bangladesh meets more than 90 percent of international demand for jute yarn and twine, while neighbouring India supplies the remaining amount," Karim said.

In 2004-2005, the jute yarn and twine earning saw a huge growth of 55.96 percent while in the previous year, 2003-04, the growth rate was 7 percent. In 2002-2003, export earning clocked around 5 percent growth while 2001-2002 experienced 18.97 percent growth.

During the 80s and early 90s, the synthetic fibre drove the natural fibre out of market, but the green movement in recent years has signalled the revival of jute industry, said Karim.

The spinning industry of Bangladesh is now a vibrating one with 52 spinning mills operating. In 1979, the country had only 11 spinning mills.

The demand for yarn and twine was 3 lakh to 3.5 lakh tons in the international market in 2005-06 while the Bangladeshi manufacturers exported around 2.61 lakh tons, BJSA officials said.