Bangladesh Central bank reluctant to give loan to jute millers from EDF funds

News Tags: Bangladesh Central Bank, Bangladesh jute industry, BJMA and BJMC, BJSA, captial machinery import, Export development fund, jute millers loan, jute yarn, Ministry of Textiles and Jute

Bangladesh
Bangladesh Central bank reluctant to give loan to jute millers
Summary: 
Bangladesh Central bank are reluctant to give jute millers loan from Export Development Fund (EDF) fund for import of capital machinery as it will impair the purpose of the fund and squeeze the number of beneficiary despite jute mills persistently pressing the bank for support from the EDF fund.

Bangladesh Central bank are reluctant to give jute millers loan from Export Development Fund (EDF) fund for import of capital machinery as it will impair the purpose of the fund and squeeze the number of beneficiary despite jute mills persistently pressing the bank for support from the EDF fund.

http://www.thefinancialexpress-bd.com/2014/09/22/57450
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Bangladesh jute industry look for better implementation of packaging act to make industry viable

News Tags: Bangladesh jute industry, Bangladesh Jute Mills Corporation, golden fiber, Jute Packaging Act 2010, jute product, Jute Protection Committee

Dhaka
Bangladesh jute industry
Summary: 
With demand for Bangladesh jute products gaining momentum in both national and international markets, the Jute Protection Committee shows concern over the Mandatory Jute Packaging Act 2010 not yet implemented properly even four years after the act came into being.

With demand for Bangladesh jute products gaining momentum in both national and international markets, the Jute Protection Committee shows concern over the Mandatory Jute Packaging Act 2010 not yet implemented properly even four years after the act came into being.

They observed that the implementation of the act is not up to the mark to make the industry viable. More subsidiaries are needed to mobilise the sector as the demands for jute products are on the rise nationally and internationally.

http://www.dhakatribune.com/business/2014/aug/19/jute-packaging-act-still-low-threshold
Jute Fiber
0

BB to introduce block account loan facilities for private jute millers and exporters

News Tags: Bangladesh Bank, Bangladesh jute industry, block account, commercial banks, exporters, Extended Development Fund, jute millers, Ministry of Textile and Jute, refinance

Bangladesh
BB to introduce block account loan facilities for private jute millers and expor
Summary: 
The Ministry of Textiles and Jute at a number of meetings highlighted the urgency for refinancing the jute millers and urged the Bangladesh Bank to introduce the block account facilities to the millers to keep the sector stable.

The Ministry of Textiles and Jute at a number of meetings highlighted the urgency for refinancing the jute millers and urged the Bangladesh Bank to introduce the block account facilities to the millers to keep the sector stable.

Bangladesh Bank (BB) to help private jute millers and exporter overcome the acute liquidity crisis which put most of mills in dreadful straits has directed the commercial banks to provide "Block Account" loan facilities.

http://www.thefinancialexpress-bd.com/2014/08/04/48488
Jute Fiber
0

Jute mills in Khulna-Jessore registered sharp decline in export of jute goods

News Tags: Bangladesh jute industry, global market, jute exports, jute mills, major importing country, political instability

Bangladesh
Jute mills in Khulna-Jessore registered sharp decline in export of jute goods
Summary: 
The state-owned jute mills in Khulna-Jessore industrial belt has registered a sharp fall in export of jute goods by 38.65 percent in the just concluded fiscal year compared to its preceding fiscal due to lack of demand in global market, over the political instability in major importing countries

The state-owned jute mills in Khulna-Jessore industrial belt has registered a sharp fall in export of jute goods by 38.65 percent in the just concluded fiscal year compared to its preceding fiscal due to lack of demand in global market, over the political instability in major importing countries.
 
According to Bangladesh Jute Mills Corporation (BJMC), about 31,647-tonne jute goods was exported from nine state-run jute mills of the region till the first week of June in the fiscal 2013-14, against the export of 81,881-tonne in the fiscal 2012-13.

http://www.thefinancialexpress-bd.com/2014/07/06/43534
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Jute production likely to be better despite shortfall in farming target in Bangladesh

News Tags: Bangladesh jute industry, jute production, jute target, jute technology, quality fibre, ribbon retting method, seeder machine

Rangpur
Jute production likely to be better despite shortfall in farming target
Summary: 
Bangladesh is expecting better jute production this season despite a shortfall in the farming target, as the plants are growing excellent in northern districts. As farmers have started adopting the latest line sowing jute technology using seeder machines saving huge seed and reducing farming costs and ribbon-retting method to get quality fibre and more profit.

Bangladesh is expecting better jute production this season despite a shortfall in the farming target, as the plants are growing excellent in northern districts. As farmers have started adopting the latest line sowing jute technology using seeder machines saving huge seed and reducing farming costs and ribbon-retting method to get quality fibre and more profit.

http://www.thefinancialexpress-bd.com/2014/06/24/41078
Jute Fabric
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