A newly formed Joint Working Group between Bangladesh's foreign and textiles ministries — backed by a planned International Jute Expo and fresh export incentives — marks the country's most coordinated push yet to grow its jute export markets.
A new action plan aims to lift domestic jute seed production from roughly 2,000 to 5,000 tonnes a year by 2029–30, ending an import bill that currently runs into tens of crores of taka annually.
Government incentives, a new Farmer Card giving access to fairly priced inputs and credit, and steady export demand are giving Bangladesh's jute growers their most confident season in years.
Bangladesh has suspended raw jute exports and put district administrators on continuous market-monitoring duty, part of a broader push to keep essential commodity prices — including jute — stable.
Fourteen state-owned jute mills have been leased to private operators as part of Bangladesh's push to build a $5-7 billion jute export industry — nine are already back in production, with the rest expected online by December.