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Centre hikes MSP on jute by ₹315 per quintal

  • The Cabinet Committee on Economic Affairs has set the minimum support price of raw jute for 2025-26 at ₹5,650 per quintal, an increase of ₹315 from the previous year.
  • The Government of India has raised the minimum support price of raw jute from ₹2,400 per quintal in 2014-15 to ₹5,650 per quintal in 2025-26, a total increase of ₹3,250 per quintal.
  • Approximately 40 lakh farm families rely on the jute industry for their livelihood, with about four lakh workers employed in jute mills and trade.
  • Union Commerce Minister Piyush Goyal stated that the new minimum support price will provide a return of 66.8% over the average cost of production, benefiting jute growers.
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