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Cabinet announces 6% hike in jute MSP to revive production

The government has decided to raise the Minimum Support Price (MSP) for raw jute (TD-3 grade) at Rs 5,650 per quintal, an increase of Rs 315.for the 2025-26 season,.

  • This hike will help farmers by providing a return of 66.8 per cent above the average cost of production.
  • The approved Minimum Support Price (MSP) for raw jute in the 2025-26 marketing season aligns with the government’s goal of setting MSP at least 1.5 times the all-India average cost of production as outlined in the 2018-19 Budget.
  • According to an official statement following the Cabinet Committee on Economic Affairs (CCEA) meeting, the new MSP for raw jute is Rs 5,650 per quintal, marking an increase of Rs 315 compared to the previous season (2024-25).

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