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January 22, 2025e-Paper

Cabinet raises raw jute MSP by 6% to ₹5,650/per quintal

The new MSP ensures return of 66.8% over all-India weighted average cost of production and will benefit growers, the minister said

Published - January 22, 2025 03:40 pm IST - New Delhi

PTI
Image used for representative purpose only

Image used for representative purpose only | Photo Credit: The Hindu

The Union Cabinet on Wednesday (January 22, 2025) approved a minimum support price of ₹5,650 per quintal for raw jute for marketing season 2025-26, an increase of 6% or ₹315 over the pervious MSP.

The information was given by Commerce and Industry Minister Piyush Goyal after the meeting of the Union Cabinet chaired by Prime Minister Narendra Modi.

The new MSP ensures return of 66.8% over all-India weighted average cost of production and will benefit growers, the minister said.

The government has increased MSP of raw jute from ₹2,400 per quintal in 2014-15 to ₹5,650 per quintal for 2025-26 marketing season, an increase of 2.35 times.

Published - January 22, 2025 03:40 pm IST

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Agriculture / agriculture

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