History
Who profits from jute cultivation according to the jute growers' lament? Explain
Global World
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Answer
Jute growers in Bengal grew raw jute that was processed in factories for export in the form of gunny bags. But as gunny exports collapsed, the price of raw jute crashed more than 60 per cent. Peasants who borrowed in the hope of better times or to increase output in the hope of higher incomes faced ever lower prices, and fell deeper and deeper into debt. Only traders made profits from jute cultivation.
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