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Bangladesh is a key player in the world jute market, contributing almost 45 percent to production, while 60 percent to exports. After implementation of the mandatory jute packaging law, which has fueled demand for the fibre at home, farmers are in race to scale up farming.
After a slight decline in production last year, a bumper output of jute is expected this year as farmers this time are cultivating the fibre, encouraged by higher prices on the local market.
