Jute MSP: The CCEA, led by Prime Minister Narendra Modi, has announced an increase in the Minimum Support Price (MSP) for the marketing season 2025-26. The MSP for TD-3 grade raw jute has been set at Rs 5,650 per quintal, up from Rs 5,335 per quintal in the current marketing year 2024-25, marking an increase of Rs 315. This rise in MSP is anticipated to provide jute farmers with a return of 66.8 percent on their production costs. Back in 2014-15, the support price for jute was only Rs 2,400, meaning the government has raised the MSP by Rs 3,250 per quintal since then.

From the marketing season of 2014-15 to the present, the government has disbursed Rs 1,300 crore to jute farmers through MSP. In contrast, the total amount allocated to farmers from 2004-05 to 2013-14 was Rs 441 crore.

As per a press release from PIB, the MSP for Raw Jute (TD-3 grade) has been established at Rs 5,650 per quintal for the 2025-26 season, ensuring a return of 66.8 percent over the all-India weighted average cost of production. This approved MSP aligns with the government’s commitment, made in the Budget 2018-19, to set MSP at a level of at least 1.5 times the all-India weighted average cost of production.

This central government decision is expected to benefit around 40 lakh farming families, both directly and indirectly. Additionally, families reliant on the jute industry will also see positive effects. The government believes that the MSP increase will enhance employment opportunities for jute farmers across the nation, with estimates suggesting that around 4 lakh workers could find jobs in jute mills and related businesses.