Due to heavy rains and floods during the jute growing season from July to September, and the illegal hoarding of goods by some unscrupulous merchants, which caused the domestic jute market price to skyrocket, the Bangladesh government will implement it from November 3 to December 2. One-month ban on raw hemp exports.
The Bangladesh Accounting and Planning Department stated that jute production was 7.5 million bundles last year. This year, due to the dual impact of heavy rains and floods, the production has been greatly reduced.
Bangladesh’s current demand for raw hemp is 7.5 million bundles, of which jute spinning manufacturers account for 3.6 million bundles, the Jute Manufacturing Mills Corporation (BJMC) and the Jute Manufacturing Mills Association (BJMA) each account for 1.2 million bundles, and the export part accounts for 1.5 million bundles.
Bangladesh’s raw hemp export banned from now on
Due to heavy rains and floods during the jute growing season from July to September, and the illegal hoarding of goods by some unscrupulous merchants, which caused the domestic jute market price to skyrocket, t…
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