 "Jute")
The announcement in 2018-19 Budget to fix the Minimum Support Price (MSP) at 1.5 times the cost of production is expected to bring significant benefits for four million jute farmers.
Even by conservative estimates, the MSP of raw jute could touch Rs 45000 per tonne. The pricing estimate is after taking into account all operational costs, inputs and family labour.
The current MSP for raw jute recommended by the Commission for Agricultural Costs & Prices (CACP) is Rs 37000 per tonne. This includes the total cost of production and an additional profit margin for the farmers. The government, though, is yet to
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