There are 248 jute mills in Bangladesh. 26 of these mills are under BJMC, 125 are under privet ownership and 97 of these are jute-yarn mill. According to the data of Jute Mill Association these mills produce more than 10 lakhs ton of product. One ton of jute based product requires three percent or 30 Kg jute batching oil (JBO) during production. This oil is an essential ingredient in jute manufacturing as it is applied on the jute fibre to soften and untangle it. So, every year jute mills of Bangladesh need 30,000 ton of JBO.
The price of JBO was 68 Tk per litre. But Bangladesh Petroleum Corporation (BPC) increased the price to 110 Tk per litre, which is 42 percent more than previous price. The new price has been effective since 4th of February. Bangladesh Jute Spinners Association (BJSA) researched the impact of JBO price hike and it shows that, as per previous price the jute mills spent 235 crore taka on account of JBO per year, but because of increased price of JBO the cost is now 382 crore taka, which is 147 crore more than previous cost.
BPC personnel said that, because of lower price some corrupt businessman are mixing JBO with soybean oil to gain more profit, so they have decided to raise the price of JBO to prevent this immoral act. But jute mill owners said that, JBO smells like kerosene oil, so it’s not possible to outwit the customers by mixing it with soybean oil. They also said that, it’s not reasonable to increase the price of JBO instead of increasing surveillance on soybean market.
In this situation jute mill owners are apprehensive about losing buyer as they have to raise product price because of high manufacturing cost. The Chairman of BPC said that, this decision is made after consulting with all the relevant stakeholders. So, provisionally there is no possibility of revising the new price of JBO.
Reported by-
Md. Tanvirul Haque Bhuiyan
Reporter of Textile Tribune
Dept. of Apparel Manufacturing, NITER.
Email : mukutex@gmail.co
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| Apply of Jute Batching Oil in Jute Mill |
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| Rising price of JBO oil |
In this situation jute mill owners are apprehensive about losing buyer as they have to raise product price because of high manufacturing cost. The Chairman of BPC said that, this decision is made after consulting with all the relevant stakeholders. So, provisionally there is no possibility of revising the new price of JBO.
Reported by-
Md. Tanvirul Haque Bhuiyan
Reporter of Textile Tribune
Dept. of Apparel Manufacturing, NITER.
Email : mukutex@gmail.co
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