North News
New Delhi, January 22
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the Minimum Support Price (MSP) for raw jute for the 2025-26 marketing season, setting the price at Rs 5,650 per quintal for the TD-3 grade. This decision is aimed at ensuring fair returns for jute farmers. While addressing the press conference, Commerce and Industry Minister Piyush Goyal said that the approved MSP would provide a return of 66.8% over the all-India weighted average cost of production. He added that the MSP aligns with the government’s goal, as outlined in the 2018-19 Budget, to fix MSP at 1.5 times the cost of production.
The MSP for raw jute has increased by Rs 315 per quintal from the previous season’s price of Rs 5,335. Since 2014-15, the MSP of raw jute has seen a substantial rise, from Rs 2,400 per quintal to Rs 5,650 per quintal in 2025-26, marking an increase of Rs 3,250 per quintal, or 2.35 times, he added.
The government’s support to the jute industry has grown significantly, with Rs 1,300 crore paid to jute farmers from 2014-15 to 2024-25, compared to Rs 441 crore in the previous decade. The jute industry supports the livelihoods of approximately 40 lakh farming families, with 4 lakh workers employed in jute mills and trade. Last year, jute was procured from 1.7 lakh farmers, with West Bengal contributing 82% of jute production, while Assam and Bihar account for 9% each.
The Jute Corporation of India (JCI) will continue to act as the central government’s nodal agency for price support operations, with any losses in such operations fully reimbursed by the government.
New Delhi, January 22
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the Minimum Support Prices (MSP) of raw jute for marketing season 2025-26. The MSP of raw Jute (TD-3 grade) has been fixed at Rs 5,650 per quintal for 2025-26 season.
While addressing the press conference, Commerce and Industry Minister Piyush Goyal said that the decision would ensure a return of 66.8 percent over the all India weighted average cost of production. “The approved MSP of raw jute for marketing season 2025-26 is in line with the principle of fixing MSP at a level of at least 1.5 times all India weighted average cost of production as announced by the government in the Budget 2018-19,” he added.
He further said that the the MSP of raw jute for marketing season 2025-26 is an increase of Rs.315 per quintal over the previous Marketing season 2024-25. The government of India has increased MSP of raw jute from Rs.2400 per quintal in 2014-15 to Rs 5,650 per quintal in 2025-26, registering an increase of Rs. 3250 per quintal (2.35 times).
The MSP amount paid to Jute growing famers during the period 2014-15 to 2024-25 was Rs. 1300 crore while during the period 2004-05 to 2013-14, amount paid was Rs. 441 crore. Livelihood of 40 lakh farm families directly or indirectly depends on Jute Industry. About 4 Lakh workers get direct employment in Jute mills and trade in Jute. Last year jute was procured from 1 Lakh 70 thousand farmers. 82% of Jute farmers belong to West Bengal while rest Assam and Bihar have 9% each of jute production share. The Jute Corporation of India (JCI) will continue as Central Government Nodal Agency to undertake Price Support Operations and the losses incurred, if any, in such operations, will be fully reimbursed by the Central Government.
