Cabinet increases minimum support price for raw jute by Rs 315
The Union Cabinet has increased the minimum support price (MSP) for raw jute by Rs 315, setting it at Rs 5,650 per quintal for the 2025-26 marketing season.
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved financial assistance of Rs 5.5 per quintal of cane crushed to the mills to clear dues of farmers in the country.
“There is a bumper production of sugarcane this year. In order to offset the cost of cane, the government has decided to give Rs 5.5 per quintal of cane crushed. The assistance will be paid directly to the farmers,” Union Minister Ravi Shankar Prasad said while briefing the media about the Cabinet decisions.
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Sugar mills said that they were unable to pay farmers due to a slump in sugar prices in the domestic market.
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Prasad said the government has already raised import duty on sugar from 50 per cent to 100 per cent to protect domestic industry besides making export duty zero.
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