Bangladesh, Aug. 25 -- The farmers are happy getting excellent market price of newly-harvested jute as harvesting of the fibre crop is nearing completion with better yield rate in all five districts under Rangpur region.

Officials of the Department of Agricultural Extension (DAE) said farmers completed harvesting jute on 45,018 hectares of land producing over 0.516 million (5.16-lakh) bales of jute with an average yield rate of 11.47 bales per hectare by the weekend.

The farmers have cultivated jute on 49,792 hectares of land this season when the recent floods damaged standing jute crop on 4,618 hectares of land causing production loss of 50,630 bales of the fibre crop worth Tk 240.02 million (Tk 24.02 crore) in the region.

"Earlier, the...