New Delhi, Jan 22 (UNI) The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved minimum support price (MSP) of raw jute for marketing season 2025-26 at Rs 5,650 per quintal, an increase of Rs 315 per quintal over previous marketing season.
The hike in raw jute MSP ensures return of 66.8% over all India weighted average cost of production.
"The government has increased the MSP of raw jute from Rs 2,400 per quintal in 2014-15 to Rs 5,650 per quintal in 2025-26, registering a 2.35 times increase," a government statement said.