BJA to seek review of ban on raw jute export
Thursday, 10 December 2009
FE Report
Bangladesh Jute Association (BJA) will urge the government to review the raw jute export ban, which was imposed on December 7.
Voicing deep concern over the sudden ban on export of all kinds of raw jute, an emergency meeting of the association observed that the decision would cause heavy losses to the country's raw jute exporters.
"After discussing the possible fallouts from the export ban, we have decided to meet with Textile and Jute Minister Abdul Latif Siddiqui in a couple of days to urge him to review the decision," BJA President Sheikh Farook Hossain told the FE after the meeting held at its city office.
If their meeting with the minister fails to yield any positive result, then the Association will raise the issue with the highest authorities of the government, including Prime Minister Sheikh Hasina and Finance Minister AMA Muhith, the BJA leader said.
"The association will sit again to discuss the next plan of action against the ban if we do not get any positive response from the government," Mr. Farook said.
The government banned export of all grades of raw jute to meet the demand of domestic jute mills.
The ban has been placed in line with the articles 4 and 13 of the Jute Ordinance 1962, a government circular said, adding that the ban will remain in force until any further order is given in this connection.
It further said raw jute in the forms of both 'kancha and 'pacca' bales, already taken to ports but not yet shipped, will come under the export ban.
Hailing the ban on export of raw jute, the local jute mill operators said the decision would help ease the prevailing supply crunch of the main raw material they use.
According to them, the local jute mills are severely hit by the raw jute scarcity in running their production.
Jute mill operators said the raw jute price has jumped to Tk 1700 - Tk 1750 per maund from Tk 1200 to 1250 of just a couple of months back because of the short supply.
Bangladesh Jute Association (BJA) will urge the government to review the raw jute export ban, which was imposed on December 7.
Voicing deep concern over the sudden ban on export of all kinds of raw jute, an emergency meeting of the association observed that the decision would cause heavy losses to the country's raw jute exporters.
"After discussing the possible fallouts from the export ban, we have decided to meet with Textile and Jute Minister Abdul Latif Siddiqui in a couple of days to urge him to review the decision," BJA President Sheikh Farook Hossain told the FE after the meeting held at its city office.
If their meeting with the minister fails to yield any positive result, then the Association will raise the issue with the highest authorities of the government, including Prime Minister Sheikh Hasina and Finance Minister AMA Muhith, the BJA leader said.
"The association will sit again to discuss the next plan of action against the ban if we do not get any positive response from the government," Mr. Farook said.
The government banned export of all grades of raw jute to meet the demand of domestic jute mills.
The ban has been placed in line with the articles 4 and 13 of the Jute Ordinance 1962, a government circular said, adding that the ban will remain in force until any further order is given in this connection.
It further said raw jute in the forms of both 'kancha and 'pacca' bales, already taken to ports but not yet shipped, will come under the export ban.
Hailing the ban on export of raw jute, the local jute mill operators said the decision would help ease the prevailing supply crunch of the main raw material they use.
According to them, the local jute mills are severely hit by the raw jute scarcity in running their production.
Jute mill operators said the raw jute price has jumped to Tk 1700 - Tk 1750 per maund from Tk 1200 to 1250 of just a couple of months back because of the short supply.