Cabinet approves MSP of Rs 3,950/quintal for raw jute
The new MSP would yield returns of 55.81 per cent over the production cost of fair average quality of raw jute, which the government said would ensure appropriate minimum prices to the farmers and step up investment in jute cultivation and thereby production and productivity in the country.
The MSP of raw jute in 2018-19 was Rs 3,700 per quintal.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Cabinet Committee on Economic Affairs
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