February 24, 2026 4:41 PM
Cabinet approves Rs 275 hike in raw jute MSP for 2026-27
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Tuesday approved a hike in the Minimum Support Price (MSP) of raw jute by Rs 275 to Rs 5,925 per quintal for the marketing season 2026-27. According to the government, the revised price ensures a return of 61.8 per cent over the all-India weighted average cost of production. The government said the announced MSP is in line with its 2018-19 Budget commitment of fixing MSPs at a level of at least 1.5 ti...