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Jute MSP increased by 6% to ₹5,650/quintal
Financial Express Kochi
|January 23, 2025
THE CABINET COMMITTEE on economic affairs on Wednesday hiked the minimum support price (MSP) of raw jute by 6% to ₹5,650/quintal for the 2025-26 marketing season.
"This decision...is expected to provide farmers a return of 66.8% over the all-India weighted average cost of production," according to an official statement. It stated that the approved MSP of raw jute is in line with the principle of fixing MSP at a level of at least 1.5 times the production cost. The government has hiked the MSP of raw jute by 2.35 times to ₹5,650/quintal for the 2024-25 season from ₹2,400/quintal in the 2014-15 season. It also said ₹1,300 crore in MSP was paid to jute farmers between 2014-15 and 2024-25, compared with just ₹441 cr
This story is from the January 23, 2025 edition of Financial Express Kochi.
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