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MSP for Raw Jute Hiked to ₹5,650 for 2025-26

Union Cabinet raises MSP for raw jute to ₹5,650 per quintal for 2025-26, benefitting 40 lakh families

New Delhi: In a significant move aimed at benefiting jute farmers, especially for eastern and nort-eastern parts of the country, the Union Cabinet on Wednesday approved minimum support price or MSP for raw jute for the marketing season 2025-26 at Rs 5,650 per quintal. This represents a hike of Rs 315 per quintal over the MSP of the 2024-25 season.

The decision was taken at the Cabinet Committee on Economic Affairs

(CCEA) chaired by Prime Minister Narendra Modi. “The new MSP ensures a return of 66.8 per cent over all-India weighted average cost of production and will benefit growers,” commerce and industry minister Piyush Goyal told the media during the briefing.

In 2014-15, the government has increased MSP of raw jute from Rs 2,400 per quintal to Rs 5,650 per quintal for 2025-26 marketing season, an increase of 2.35 times. “The approved MSP of raw jute for marketing season 2025-26 is in line with the principle of fixing MSP at a level of at least 1.5 times all India weighted average cost of production as announced by the government in the Budget 2018-19,” an official statement said.

The minister, however, said that the livelihood of 40 lakh farm families directly or indirectly depends on jute industry. About 4 lakh workers get direct employment in jute mills and trade in jute. Last year jute was procured from 1.7 lakh farmers. Eighty-two per cent of jute farmers belong to West Bengal, while Assam and Bihar have 9 per cent each of jute production share,” he said.

As per the statement, Jute Corporation of India (JCI) will continue as central government nodal agency to undertake price support operations and the losses incurred, if any, in such operations, will be fully reimbursed by the central government.
( Source : Deccan Chronicle )
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