Day 30
Agriculture & FoodSkim2026-02-24
CCEA Approves MSP Hike For Raw Jute 2026-27
What Happened
The Cabinet Committee on Economic Affairs approved a hike in the Minimum Support Price for raw jute to Rs 5,925 per quintal for the 2026-27 season. This represents a Rs 275 increase over the previous year, with the Jute Corporation of India continuing as the nodal agency for price support.
Why It Matters
This move ensures a 61.8 percent return over production costs for farmers, supporting the livelihoods of nearly 4 million families primarily in West Bengal, Bihar, and Assam.
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