Govt hikes raw jute support price by â¹200 to â¹3,700/quintal
The government has increased Minimum Support Price (MSP) of raw jute by â¹200 to â¹3,700 per quintal for 2018-19 season. The decision would benefit jute farmers mainly in West Bengal, Assam and Bihar which account for 95% of the country's jute production. The government in Budget 2018 had announced fixing MSPs at 1.5 times the production cost for various crops.