Cabinet Committee on Economic Affairs (CCEA) approves raw jute Minimum Support Price (MSP) of ₹5,925 for 2026-27

Key facts

• The Cabinet Committee on Economic Affairs (CCEA) has increased the Minimum Support Price (MSP) of raw jute by ₹275 to ₹5,925 per quintal for the 2026-27 marketing season.
• The new MSP ensures a return of 61.8 per cent over the all-India weighted average cost of production.
• The decision follows the Budget 2018-19 principle of fixing the MSP at a level of at least 1.5 times the all-India weighted average cost of production.
• The Jute Corporation of India (JCI) will remain the central government nodal agency to undertake price support operations.
• The MSP for raw jute has risen from ₹2,400 per quintal in 2014-15 to ₹5,925 per quintal in 2026-27, representing a 2.5-fold increase.
• Total MSP payments to jute farmers reached ₹1,342 crore between 2014-15 and 2025-26, compared to ₹441 crore during the 2004-05 to 2013-14 period.
• The CCEA meeting, chaired by Prime Minister Narendra Modi, was held at the new Prime Minister's Office (PMO) named Seva Teerth.