Related Keywords: advises government on pricing policy, Agriculture Ministry, boost jute production, Commission for Agricultural Costs and Prices, cultivation declining in recent years, inflationary trends, major farm produces, Niti Aayog pitched for marginal increase, proposed hike in MSP, raw jute, statutory body, Textile Ministry
The Agriculture Ministry in order to boost jute production has proposed hike in minimum support price (MSP) of raw jute because its cultivation has been declining in the recent year.
In the Cabinet note, Agriculture Ministry has proposed an 18.5 percent increase in jute MSP to ₹3,200 a quintal for 2016-17, which is in line with the CACP’s recommendation, according to sources.
In 2015-16, the jute support price was fixed at ₹2,700.
