Govt hikes raw jute MSP by Rs 300 to Rs 5,050 per quintal

The minimum support price for raw jute was raised by the government on Friday by Rs 300 to Rs 5,050 per quintal for the 2023–24 season. The choice was made during a meeting of the Cabinet Committee on Economic Affairs (CCEA), which Prime Minister Narendra Modi presided over. “The Commission on Agricultural Costs and Prices (CACP) recommendations served as the basis for the approval,” Minister of I&B Anurag Thakur