Rapid Fire
MSP for Jute
- 16 May 2025
- 2 min read
The Jute Corporation of India (JCI) has increased the minimum selling price (MSP) of jute for crop year 2025-26 to discourage distress sales (forced sales at low prices) by farmers.
- About Jute: Jute (golden fibre) is the 2nd most important cash crop in India after cotton in terms of cultivation and usage.
- India is the largest producer of jute in the world, with West Bengal, Assam, and Bihar being the major jute-growing states.
- Ideal conditions for jute cultivation include a temperature range of 17°C to 41°C, relative humidity between 40% and 90%, and well-distributed rainfall of over 120 cm.
- About JCI: JCI is a price support agency under the Ministry of Textiles that procure raw jute from farmers at MSP without any quantity limit.
- About MSP: MSP is the minimum price set by the Government of India at which it promises to purchase crops from farmers, regardless of the market price.
- It was announced by the Cabinet Committee on Economic Affairs (CCEA) based on recommendations of the Commission for Agricultural Costs and Prices (CACP).
| Read More: Need for Reforms in the Jute Industry |
