Cabinet Committee Approves Increased Minimum Support Prices for Raw Jute for 2026-27
The Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, has approved a significant increase in the Minimum Support Prices (MSP) for Raw Jute for the 2026-27 season, setting it at Rs. 5,925 per quintal. This decision ensures a 61.8% return over the average production cost, aligning with the government's previous commitments to support farmers. The price increase reflects the government's continued efforts to bolster agricultural support, with a notable rise from Rs. 2,400 per quintal in 2014-15 to Rs. 5,925 in 2026-27.
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