GG News Bureau
New Delhi, 22nd Jan. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Shri Narendra Modi, has approved the Minimum Support Prices (MSP) for Raw Jute for the 2025-26 marketing season.
The MSP for Raw Jute (TD-3 grade) has been set at Rs. 5,650 per quintal, marking an increase of Rs. 315 per quintal from the previous marketing season. This price ensures a return of 66.8% over the all-India weighted average cost of production. The MSP for the 2025-26 season aligns with the government’s objective of fixing MSP at 1.5 times the weighted average cost of production, as announced in the Budget of 2018-19.
From 2014-15 to 2025-26, the MSP of Raw Jute has seen a remarkable rise from Rs. 2,400 per quintal to Rs. 5,650 per quintal, registering an increase of Rs. 3,250 per quintal (2.35 times). The government has paid Rs. 1,300 crore to jute farmers between 2014-15 and 2024-25, compared to Rs. 441 crore during the 2004-14 period.
The Jute industry impacts the livelihood of approximately 40 lakh farm families. It also provides direct employment to around 4 lakh workers in jute mills and trade. Last year, jute was procured from 1.7 lakh farmers, with 82% of jute production originating in West Bengal, and Assam and Bihar each contributing 9%.
The Jute Corporation of India (JCI) will continue as the central government’s nodal agency for price support operations, with any incurred losses being fully reimbursed by the government.
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