Answer:
(i) Jute producers grew
raw jute that was processed in factories for export in the form of gunny bags.
(ii) But as gunny bag
export collapsed, the prices of raw jute crashed by more than 60 per cent.
(iii) 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 deep into debts. Thus the Bengal Jute growers used to lament.
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