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Govt refixes raw jute export price
The government has re duc-cd the export price of raw Jute of different grades by 15-35 US dollar per metric ton. reports UNB
Officials told UNB that the export price had been refixed rent season due lo worldwide downtrrnd trend of jute Indr meeting of advisory committee of Export Price Check (EPC)
Oe 20 with Jute Secretary Akhtar AB in the chair
n« new export prior WM effected from December 21
jute export price was ^reduced on September 2
EPC comprises represents Oves from Bangladesh Jute
Exporters Association. Bangla desh Jute Mills Association. Bangladesh Jute Spinners Association and Bangladesh (tank
Per ton of BWC Jute was fixed at 310 US dollar as against 335 dollar. BWD 260 US dollar against 290 dollar. BWE 225 US dollar against 256 dollar BTC 3IS US dollar ■•■Inst 345 dollar. BTD 265 US dollar against 300 daliar BTE 230 US daliar ^nat 265 daliar. 0WCA at 166 US dollar against 105 dollar. BWCB ISO US dollar against 166 dollar ■nd BTC A 180 US dollar against 196 dollar
The export target of raw JuU was fixed at 18 takh bales valued al Taka 391 crore for fiscal 1992-93 and 7 26 lakh
bales of raw Jute worth Taka 143 crore was exported till December 15.
In 1991-92, export of raw jute stood at 16 lakh bales worth about Taka 3.50 crore against the target of 18 lakh bales.
Lack of worthwhile trade enquiries and financial con straints of traders due to non renewal W bank loans were the main reasons for the dull mar ket situation, Vice- Chairman KceauT^arim told UNB Wednesday
The government announced a few months back that It would release funds of Taka 350 crore for the jute mills both tn the public and private sector and traders during the
current season to reinvigorate the already shaken Jute sector.
Hut no fruitful arrangement has yet been made In this regard, Karim said adding that many jute traders and exporters are In a deplorable condition due to bank- debt ■ crisis arising from wrong policy of the previous government.
Farmers arc not getting fair prices due to dull market situation. he said adding that Jute Is now selling al Taka 200 per maund on an average against the production cost of Taka 300 per maund.
He urged the government lo release adequate funds for the jute traders to accelerate the pace of jute sector and ensure fair price for the farmers.