Current Affairs - Economy - Discussion

₹5,925 is the Minimum Support Price approved for Raw Jute (TD-3 grade) for the 2026-27 marketing season. The decision was taken by the Cabinet Committee on Economic Affairs to ensure better remuneration for jute farmers. This price guarantees a return of 61.8% over the all-India weighted average cost of production, in line with the government’s commitment to fix MSP at least 1.5 times the production cost. The revised MSP represents an increase over the previous season and aims to promote jute cultivation, strengthen rural incomes, and support the overall jute industry supply chain.