MSP Hike
Cabinet okays hike in jute MSP for 2025-26 season by 6% to INR 5,650/100 kg
This story was originally published at 14:54 IST on 22 January 2025
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--Cabinet approves hike in jute MSP for 2025-26 season
--Cabinet approves hike in jute MSP for 2025-26 season by 6%
--Cabinet approves hike in jute MSP by INR 315/100 kg
--Cabinet approves hike in jute MSP by INR 315/100 kg to INR 5,650
NEW DELHI - The Union Cabinet Wednesday approved a 6% hike in the minimum support price of raw jute for the 2025-26 (Jul-Jun) season. The minimum support price of raw jute has been hiked by INR 315 per 100 kg to INR 5,650 per 100 kg, Commerce and Industry Minister Piyush Goyal briefed the media after the Cabinet meeting.
The increase in the MSP would ensure a return of 66.8% over the all-India weighted average cost of production, according to an official release. The government has increased jute MSP by 2.35 times from INR 2,400 per 100 kg in 2014-15 to INR 5,650 per 100 kg in 2025-26, it added. The higher MSP will benefit round 4 mln farmers and 500,000 organised and unorganised workers in the jute milling industry. End
Reported by Afra Abubacker
Edited by Vandana Hingorani
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