Analyze the information given below, considering one of the following correct options:
It is known as the golden fibre. Jute grows well on well-drained fertile soils in the flood plains where soils are renewed every year. High temperature is required during the time of growth. West Bengal, Bihar, Assam, Odisha and Meghalaya are the major jute producing states. It is used in making gunny bags, mats, ropes, yarn, carpets and other artefacts. Due to its high cost, it is losing market to synthetic fibres and packing materials, particularly the nylon.