The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved the Minimum Support Prices (MSP) for Raw Jute for the 2026-27 marketing season. The MSP for Raw Jute (TD-3 grade) is fixed at Rs. 5,925 per quintal, ensuring a 61.8% return over the all India weighted average cost of production. This aligns with the principle of fixing MSP at 1.5 times the all India weighted average cost of production, as announced in the Budget 2018-19. This MSP is an increase of Rs. 275 per quintal over the 2025-26 season, and represents an increase of Rs. 3,525 per quintal from the 2014-15 price of Rs. 2,400 per quintal. Between 2014-15 and 2025-26, Rs. 1342 Crore was paid to Jute farmers, compared to Rs. 441 Crore paid between 2004-05 and 2013-14. The Jute Corporation of India (JCI) will continue as the Central Government Nodal Agency for Price Support Operations, with any incurred losses fully reimbursed by the Central Government. The release ID is 2232109.
Key Entities Referenced
Minimum Support Prices (MSP): Policy setting guaranteed prices for Raw Jute to support farmers.
Cabinet Committee on Economic Affairs: The committee that approved the MSP for Raw Jute.
Jute Corporation of India (JCI): Central Government Nodal Agency for Price Support Operations for Jute.
Ministry of Agriculture & Farmers Welfare: The ministry responsible for agriculture policies.
Ministry of Agriculture & Farmers Welfare
Cabinet approves Minimum Support Prices for
Raw Jute for 2026-27 Season
Posted On: 24 FEB 2026 3:40PM by PIB Delhi
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, today
has approved Minimum Support Prices (MSP) of Raw Jute for Marketing season 2026-27.
The MSP of Raw Jute (TD-3 grade) has been fixed at Rs. 5,925/- per quintal for 2026-27 season. This
would ensure a return of 61.8 percent over the all India weighted average cost of production. The
announced MSP of raw jute for Marketing season 2026-27 is in line with the principle of fixing MSP at a
level of at least 1.5 times all India weighted average cost of production as announced by the Government
in the Budget 2018-19.
The MSP of Raw Jute for Marketing season 2026-27 is an increase of Rs.275/- per quintal over the
previous Marketing season 2025-26. Government has increased MSP of Raw jute from Rs.2400/-per
quintal in 2014-15 to Rs.5,925/- per quintal in 2026-27, registering an increase of Rs.3,525/- per quintal
(2.5 times).
The MSP amount paid to Jute growing farmers during the period 2014-15 to 2025-26 was Rs. 1342
Crore while during the period 2004-05 to 2013-14, amount paid was Rs. 441 Crore.
The Jute Corporation of India (JCI) will continue as Central Government Nodal Agency to undertake Price
Support Operations and the losses incurred, if any, in such operations, will be fully reimbursed by the
Central Government.
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