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The jute trade is centred mainly around India and the Indian State of West Bengal. The major producing country of jute is India, due to its natural fertile soil. Bengal Jute was exported to South East Asia from the 17th century by the Dutch, French and later by other Europeans.
Thomas Neigh, a Dundee merchant invented the mechanical process of spinning jute in 1833 by first soaking it in whale oil.
Dundee became the global centre of the industry it had created, employing more than half the population in the mills.
The mill owners creatively developed new markets for the jute goods, principally sacks, worldwide.
In 1858 Indian financiers supported the importation of spinning machinery from Dundee in order to create their own industry. The Indian Jute barons were able to pay workers less and gradually began to take over. Dundee had better access to European markets and the mills did not completely collapse until the 1960s.
Because The Indian Empire had no tariff barriers with other British countries Dundee was bound to fail despite superior quality and working standards. 
By 1895 jute industries in Bengal overtook the Scottish jute trade. Many Scots worked in Bengal to set up jute factories for Indians, dominated by Marwari brokers like G._D._Birla
Many Scots worked in Bengal to set up jute factories for Indians, d Jute Coffee bags are perhaps the most famous product, known as Hessian
Jute Coffee bags are perhaps the most famous product, known as Hessian or burlap. They found a military use starting in the Crimean War. In World War One the government awarded the entire contract for sandbags to a Greek-Indian firm in Calcutta.
It has been used in the fishing, construction, art and in the arms industry. India has the bulk of the Jute industry (60%) , but the raw jute comes mainly from Bangladesh which is the second largest producer of Jute products.
Nearly 75% of jute goods are used as packaging materials, burlap, gunny cloth, (hessian), and sacks. Obsolete machinery, trade union troubles and a lack of innovation have seen the Indian industry stagnate for the past 70 years. 
Carpet Backing Cloth, the third major jute outlet, is fast growing in importance. Currently, it consists of roughly 15% of the world's jute goods consumption. The remaining products are carpet yarn, cordage, felts, padding, twine, ropes, decorative fabrics, and heavy duty miscellaneous items for industrial use.
As plastic is banned for consumer bagging jute bags are now taking a greater share of the market.  India produces 60% of global jute products, however problems of lack of investment, water shortage, poor quality seeds and urbanisation are hampering it's regrowth as a replacement for plastic. 
Jute was used for rope production until the modern era, but the creation of the Jute Industry led to the collapse of Indian hand loom jute in the 1880s. In the 1850s roughly £250000 of jute products were exported annually. 
Jute was an export material demanded by South East Asia which was fulfilled by Indian and European trading firms.
By the early part of the twentieth century we see huge increases of finished jute exports and a massive reduction in the export of raw jute.  India was gaining around £35 million per annum from processed goods, with only £8m earned by sales of raw jute to Brazil, New York, Japan, Germany and the United Kingdom.
Partition meant that 75% of the Jute growing areas were in Pakistan, but all 106 mills, the baling centres and export hubs were in India. Jute was the subject of the first inter-Dominion agreement, however the devaluation of the Indian rupee and Pakistani demands for a share of the export tariff led to break downs. 
250,000 workers were directly employed in the industry, supporting 4 million peasants and providing 20% of India's foreign earnings.  Despite this, a long depression ensued due to the politics involved and the oligopolistic practice of the Indian Jute Mills Association. 
The long depression in Jute is partly attributed to the exploitation by the Indian Jute barons who only pursued short term profit after purchasing the British invented and developed mills. Jute mills continue to close, 8 in the last few years, down to 55. Migrant workers have left the state, wages have not increased and strikes have been common place. 
East India Company
The British East India Company was the British Empire Authority delegated in Bengal from the 17th century until dissolved in 1857. The Dutch and the French were the first jute traders.
The company began exporting gunny sacks to South East Asiam during the seventeenth and eighteenth century.
In the 1830's Thomas Neigh imported jute to Dundee and experimented using flax spinning machines to make cloth. This was not initially successful, but used as a small mixture with flax until they discovered that whale oil made it soft enough to be spun.
Demand for jute sky rocketed as it's uses in sacks, ropes and cloth displaced flax.
Between 1833 and 1855 Bengal saw a boom in growing jute, but a decline in its cottage hand spinning.
In 1855 a George Auckland was financed by Bysamber Sen to import Dundee fabric spinning machinery (and whale oil) to start the first factory in India at Serampore. 
Although a failure, he inspired the Borneo Company to start a steam powered weaving and spinning mill.
Whereon a dozen companies began producing for domestic Indian use and export to the east.
By 1908 Calcutta was the world's largest jute producer having defeated Dundee. From the 1890s the Marwaris had entered the market as brokers (like the Birla group) and became the dominant owners of an industry employing over 300,000 workers.
Bangladeshi jute traders
Being a major player in the long history of jute trade and having finest natural fibre, Bangladesh has always had an advantage in raw jute trading. Bangladesh is still the largest producer and exporter of raw jute in the world. After the separation of Bangladesh (East Pakistan) from Pakistan in 1971, the jute trading was not limited to specific groups like India or Pakistan. After the independence of Bangladesh, most privately owned jute mills were nationalised under the socialist policies of the Awami League government.
Later, to control these jute mils in Bangladesh, the government built up Bangladesh Jute Mills Corporation (BJMC). No other jute mills were allowed to grow in the private sector before 1975. After Ziaur Rahman became Bangladesh president a new age dawned upon the Bangladesh jute industry. This incident grew many raw jute traders from different corners of Bangladesh who used to supply raw jute to BJMC owned jute mills. This group of traders are called Beparis, who buy raw jute directly from the farmers.
BJMC owns and operates a number of jute mills around Bangladesh:
- Dhaka Zone:Bengal Jute Industries Limited, Pride Jute Mills Ltd (established: 2003), Golden Jute Industries Ltd (established: 2012) Bangladesh Jute Mills, Karim Jute Mills, Latif Bawany Jute Mills, U.M.C Jute Mills, Janata Jute Mills, Qaumi Jute Mills, Rajshahi Jute Mills. Mony Jute Goods Handicrafts and textile.
- Khulna Zone: Afil Jute Mills Ltd, Aleem Jute Mills, Carpeting Jute Mills, Crescent Jute Mills, Eastern Jute Mills, Jessore Jute Industries, Peoples Jute Mills, Platinum Jubilee Jute Mills, Star Jute Mills
- Chittagong Zone: Amin Jute Mills, Amin Old Field, Gul Ahmed Jute Mills, Hafiz Jute Mills, Karnafuli Jute Mills, Development of Decorative Fabric, M.M. Jute Mills, R.R. Jute Mills, Bagdad-Dhaka Carpet Factory, Furat Karnafuli Carpet Factory
BJMC also operates mills that does not deal in jute, including Galfra Habib Ltd., Mills Furnishing Ltd. and Jute-Fibre Glass Industry.
Jute cultivation and jute trade in Bangladesh are sectors where significant incidence of child labour has been observed and recorded in the 2014 TVPRA List issued by the Bureau of International Labor Affairs.
The entrepreneurs of the Dundee jute industry in Scotland were called the Jute Barons.
Dundee was a centre of flax spinning and the whale oil industry. They realised that jute could be mechanically spun if whale oil was added.
They created a huge new industry making bags for the transport of goods like coffee and as sandbags. 
The Dundee jute industry started to decline when the machinery manufacturers sold the machinery to Indian merchants who benefitted from easier access to raw materials and lower pay.
This is a famous example of free trade in which the liberal government was elected to not enact trade barriers allowing the Calcutta industry to win.
Given that the "Dundee Jute Barons" had ownership stakes in Calcutta and Dundee, the decline in Scotland was not so burdensome on them. Over 50% of the workers in Dundee were in Jute and two thirds were women, much of the remainder were children because they could be paid less.
The boom had led to slums, over crowding, poor working conditions and low pay. 
Post Independence India.
The Indian Jute Mills Association is the apex body controlling the Indian trade. 
Birla is the most famous business giant in India which began as a Jute broker.
The industry has faced considerable trouble, for example, a mill owner was murdered by his workers in 2015 when he proposed cutting down hours. 6 such murders have occurred in recent years. 
The Jute Industry in India depends on government purchase. Since the millennium government procurement for mandatory packaging in jute has decreased and is only now being reversed - at the consumer level - by the plastic ban. 
Pakistani Jute Traders Pre-1971
After liberation from the British, East Bengal with possessing the finest jute fibre stock, lacked an effective industrialsed jute manufacturing. Several group of Pakistani families (mainly from West Pakistan) came into the jute industrialisation business by setting up several jute mills in Chittagong, Khulna, Dhaka and Narayanganj.
Among these families, the most significant ones are:
- The Bawanis
- The Adamjees
- The Ispahanis
- The Maniyas
- The Khans
- Deb, Pijush Kanti (1955). "A comprehensive study of Jute". Shobdhanga. Retrieved 4 October 2019.
- Wallace, D.R. (1928). The Romance of Jute. Calcutta: Empire Press Calcutta. p. 7.
- BJMC official website
- BJMC on the Jute Ministry website
- List of Goods Produced by Child Labor or Forced Labor
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Sultan Hafeez Rahman, 1984, Bangladesh Institute of Development Studies (BIDS), Dhaka, Bangladesh.
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Indian Central Committee, Calcutta, India, 1940.
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K H Imam, Bulletin of the Oxford University, Institute of Economics and Statistics, Vol. 32 No.1 (Feb. 1970)
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Pakistan Economic Journal, Vol.11 No.4 (Sept. 1961)