29 Mar 23 2 min read
Insights
- Indian government has announced a 6 per cent increase in MSP for jute for 2023-24 season, set at ₹5,050 per quintal for raw jute.
- This is lower than the current market prices.
- The government has stated that the MSP hike will provide a return of 63.20 per cent over the average cost of production.
- JCI will provide support if market prices fall below MSP.
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