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Aug. 17, 2021
LC Packaging has been in de jute trade since 1923. Because jute is a natural crop, climate (and climate change) can have a big impact on its cultivation. While the popularity of jute as a material for consumer goods such as reusable shopping bags and applications in carpets and upholstery has grown tremendously, changes in weather patterns have had a negative impact on the availability of jute fibre in the recent past.
As a result, securing a constant flow of high quality jute and ultimately jute bags is a true juggling act. Especially with local lockdowns due to COVID-19. By closely monitoring such developments – together with our long-term production partners – we are able to adapt, respond and anticipate the long term. Based on close consultation with our customers regarding their anticipated volumes of jute bags, we have various long-term strategies in place.
As circumstances may seem complex, let’s take a closer look at the developments in Bangladesh and India.
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Our customers depend on the specialists within LC Packaging who understand the jute market and the supply chain, who anticipate on market developments and are prepared for eventualities.
LC Packaging was able to amass sufficient stock and commitments of delivery to give our clients peace of mind. Current estimations show no major changes for the foreseeable future, although we continue to keep a close eye on global developments.
[1] WGC Natural Fibres Worldwide – Jute Market Report for July 2021, 2 August 2021
[2] WGC Natural Fibres Worldwide – Jute Market Report for May 2021, 2 June 2021
[3] WGC Natural Fibres Worldwide – Jute Market Report for January 2021, 4 February 2021
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