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Cabinet approves Minimum Support Price of Raw Jute for 2022 -23 season

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....abinet approves Minimum Support Price of Raw Jute for 2022 -23 season <br>News and Press Release<br>Dated:- 22-3-2022<br><BR>The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, S....

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....hri Narendra Modi, today approved the Minimum Support Price (MSP) for Raw Jute for 2022-23 season. The approval is based on recommendations of the Commission for Agricultural Costs and Prices. The MS....

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....P of Raw Jute (TDN3 equivalent to TD5 grade) has been fixed at &#8377; 4750/- per quintal for 2022-23 season with an increase of &#8377; 250/- over the previous year. This would ensure a return of 60.....

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....53 percent over all India weighted average cost of production. The announced MSP of raw jute for 2022-23 season is in line with the principle of fixing the MSP at a level of at least 1.5 times all Ind....

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....ia weighted average cost of production as announced by the Government in the Budget 2018-19. It assures a minimum of 50 percent as margin of profit. It is one of the important and progressive steps t....

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....owards ensuring better remunerative returns to the jute growers and to incentivize quality jute fibre. The Jute Corporation of India (JCI) will continue as Central Government Nodal Agency to undertak....

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....e Price Support Operations and the losses incurred, if any, in such operations, will be fully reimbursed by the Central Government.<BR> News - Press release - PIB....