Jute and Jute Products of Bangladesh: Contributions and Challenges

Swapna Akter, Md Nazmus Sadekin and Nazrul Islam
Additional contact information
Swapna Akter: Department of Economics, Mawlana Bhashani Science and Technology University (MBSTU), Tangail-1902, BANGLADESH
Md Nazmus Sadekin: Department of Economics, Mawlana Bhashani Science and Technology University (MBSTU), Tangail-1902, BANGLADESH
Nazrul Islam: Department of Economics, Rabindra University, Bangladesh, Sirajganj, BANGLADESH

Asian Business Review, 2020, vol. 10, issue 3, 143-152

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.

Keywords: Cash Crop; Jute; Jute products; Jute Industry; Golden Fibre (search for similar items in EconPapers)
JEL-codes: N55 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://abc.us.org/ojs/index.php/abr/article/view/480/950 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:asbure:0196

Access Statistics for this article

Asian Business Review is currently edited by Alim Al Ayub Ahmed

More articles in Asian Business Review from Asian Business Consortium Asian Business Consortium, 10-B-6, Darussalam Tower, Mirpur Road, Dhaka-1216, Bangladesh.
Bibliographic data for series maintained by Alim Al Ayub Ahmed ( this e-mail address is bad, please contact ).