Day 39
Agriculture & FoodSkim2025-01-22
CCEA Approves MSP for Raw Jute for 2025-26 Season
What Happened
The Cabinet Committee on Economic Affairs (CCEA) approved a Minimum Support Price (MSP) of Rs 5,650 per quintal for raw jute for the 2025-26 season. This is an increase of Rs 315 per quintal over the previous year, ensuring a 66.8 percent return over production costs.
Why It Matters
The move aligns with the government's policy of fixing MSP at 1.5 times the cost of production to support jute farmers, primarily in the eastern states.
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