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Jute and Jute Products of Bangladesh: Contributions and Challenges

Author

Listed:
  • Akter, Swapna

    (Department of Economics, Mawlana Bhashani Science and Technology University (MBSTU), Tangail-1902, BANGLADESH)

  • Sadekin, Md Nazmus

    (Department of Economics, Mawlana Bhashani Science and Technology University (MBSTU), Tangail-1902, BANGLADESH)

  • Islam, Nazrul

    (Department of Economics, Rabindra University, Bangladesh, Sirajganj, BANGLADESH)

Abstract

Jute is one of Bangladesh’s main cash crops. The contribution of the jute sector to the economy of Bangladesh is enormous. In Bangladesh, Jute is a vital sector from economical, agricultural, industrial, and commercial perspectives. Different kinds of jute products are made in Bangladesh and the products are environmentally friendly as well. Every year Bangladesh earns an amount of foreign currency by exporting jute and jute products in different countries all over the world. That contributes to the national income of Bangladesh. Jute was once called Bangladesh's 'Golden Fibre. But this industry's present and future prosperity and growth are vulnerable. There exist many problems in the jute industry of Bangladesh, such as; lack of scientific knowledge and modern tools, market tools, unavailability of quality seeds, low productivity, inappropriate market forecasting, land fragmentation, natural calamities, conflicts and economic crisis in the world market, etc. Based on the existing problems, we will try to give some policies that may help to eradicate the problems and improve the present conditions of the jute industry in Bangladesh.

Suggested Citation

  • Akter, Swapna & Sadekin, Md Nazmus & Islam, Nazrul, 2020. "Jute and Jute Products of Bangladesh: Contributions and Challenges," Asian Business Review, Asian Business Consortium, vol. 10(3), pages 143-152.
  • Handle: RePEc:ris:asbure:0196
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    Citations

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    Cited by:

    1. Abdullah Al-Chemi & Md. Asif Islam Shuvo, 2021. "Analysis of emphasizing jute product exports instead of jute raw material exports from Bangladesh," International Journal of Science and Business, IJSAB International, vol. 5(10), pages 55-66.
    2. Md. Abu Sadat & Md. Zablul Tareq & Arif Mohammad Mojakkir & Mir Mehedi Hasan & Md. Jewel Alam, 2020. "Moisture Content And Variety Of Jute Seed Is Affected By Long Term Seed Storage," Malaysian Journal of Sustainable Agriculture (MJSA), Zibeline International Publishing, vol. 5(1), pages 24-28, December.

    More about this item

    Keywords

    Cash Crop; Jute; Jute products; Jute Industry; Golden Fibre;
    All these keywords.

    JEL classification:

    • N55 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Asia including Middle East

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