Political turmoil in Bangladesh hampered jute export and production by Tk5.1 bn

Related Keywords: Bangladesh jute export, BISA, BJMA, BJMC, forced to cut production, hampered production and exports, jute mills, local trade of jute, peak season for jute harvest, Supply shortage of raw jute

Dhaka
Political turmoil in Bangladesh hampered jute export and production by Tk5.1 bn
Summary: 
Bangladesh exports and local trade of jute hit hard by 20-30 per cent in the last 26 days due to political turmoil. The jute sector suffered loss of an estimated Tk 5.1 billion, insiders said. The Bangladesh Jute Mills Corporation (BJMC), Jute Mills Association (BJMA), Jute Spinners Association (BJSA) officials said that nearly 249 jute mills in the country have been forced to cut production by 42,000 tonnes owing to the blockade enforced by the BNP-led alliance since January 5.

Bangladesh exports and local trade of jute hit hard by 20-30 per cent in the last 26 days due to political turmoil. The jute sector suffered loss of an estimated Tk 5.1 billion, insiders said. The Bangladesh Jute Mills Corporation (BJMC), Jute Mills Association (BJMA), Jute Spinners Association (BJSA) officials said that nearly 249 jute mills in the country have been forced to cut production by 42,000 tonnes owing to the blockade enforced by the BNP-led alliance since January 5.

http://www.thefinancialexpress-bd.com/2015/02/02/78890
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