Govt raises raw jute MSP by 6%

The Union Cabinet on Wednesday approved a minimum support price of Rs 5,650 per quintal for raw jute for marketing season 2025-26, an increase of 6 per cent, or Rs 315, over the previous MSP. The decision was taken at the Cabinet Committee on Economic Affairs (CCEA) meet chaired by Prime Minister Narendra Modi, said Commerce Minister Piyush Goyal on Wednesday.

The new Minimum Support Prices (MSP) ensures return of 66.8 per cent over all-India weighted average cost of production and will benefit growers, the minister said.

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