>>
Home / Knowledge / News / Textiles / CCEA hikes MSP for Jute for 2009-10 season

CCEA hikes MSP for Jute for 2009-10 season

20
Jun '09
In order to safeguard the interest of jute growers, the Cabinet Committee on Economic Affairs fixed the Minimum Support Price (MSP) for 2009-2010 season for TD-5 grade of jute ex-Assam at Rs.1375 per quintal.

This represents an increase of Rs. 125 per quintal over the MSP announced by the Government last season. The increase in the MSP of Raw Jute is expected to encourage the farmers to step up investment in jute cultivation and thereby production and productivity of jute in the country.

The Jute Corporation of India (JCI) would continue to act as Nodal Agency to undertake price support operation at the Minimum Support Prices and the losses incurred, if any, in the MSP operations, will be fully reimbursed by the Central Government.

BACKGROUND:
Production of jute is concentrated in the states of West Bengal, Assam, Bihar and Orissa. Jute is a highly labour intensive crop and the human labour component constitutes nearly 75 per cent of the total input cost.

The composite variable input price as measured by variable input index has increased by 9.28 per cent for Assam, 16.07 per cent for Bihar, 8.46 per cent for Orissa, 7.71 per cent for West Bengal between 2006-07 and 2009-2010.

Cabinet Committee on Economic Affairs (CCEA)


Must ReadView All

Pic:  Iurii Krasilnikov | Dreamstime.com

Apparel/Garments | On 7th Dec 2021

Legislation to extend HOPE & HELP Acts until 2035 introduced in US

Companion bills to extend the Haitian Hemisphere Opportunity through...

Pic: Roman Romaniuk | Dreamstime.com

Textiles | On 7th Dec 2021

Euro area, EU see expansion in volume of retail trade in October

In October 2021, the seasonally adjusted volume of retail trade...

Pic: Enanuchit | Dreamstime.com

Textiles | On 7th Dec 2021

Transport bodies caution govts against ‘knee-jerk’ reaction to Omicron

World leaders’ knee-jerk reactions to the Omicron variant are putting ...

Interviews View All

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Ritu Oberoi,

Ritu Oberoi

Established in 2018, Forsarees is a socially driven business enterprise,...

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Rocky Star, Label - Rocky Star

Rocky Star
Label - Rocky Star

<b>Rocky Star,</b> an Indian designer known for his inspiration from the...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


December 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search