Cabinet approves MSP for Raw Jute for 2025-26 Season at Rs.5,650 per quintal
The MSP of Raw Jute (TD-3 grade) has been fixed at Rs.5,650 per quintal for 2025-26 season which is Rs 315 per quintal higher than the previous year.
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The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, has approved the Minimum Support Prices (MSP) of Raw Jute for Marketing season 2025-26. The MSP of Raw Jute (TD-3 grade) has been fixed at Rs.5,650 per quintal for 2025-26 season which is Rs 315 per quintal higher than the previous year.
A press release from the governemnt says that this would ensure a return of 66.8 percent over the all India weighted average cost of production. 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.
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 Lakh 70 thousand farmers. 82% of Jute farmers belong to West Bengal while rest Assam and Bihar have 9% each of jute production share.
The 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.
