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 mills 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.

Bangladesh Jute Mills Corporation (BJMC), a public corporation in Bangladesh, is the largest state owned manufacturing and exporting organisation in the world in the jute sector.