Govt. suggests new
MSP for jute
The govt. proposes to issue a new minimum support price (MSP) for jute by
September end. The textile minister assured that the new MSP would be fixed after
considering factors like size of the jute crop and expected quantity of production of
foodgrains and sugar.
minister said the govt. had been taking a balanced view in the matter, considering all
aspects of the issue as well keeping in mind the interest of jute farmers and workers. The
minister said govt. had increased the MSP of raw jute to Rs.750 per quintal in
99-00, which was later increased to Rs.758 for 00-01. Besides, he said the
Jute Corporation of India (JCI) had already made provisions for purchasing 8,900 quintals
of raw jute under MSP scheme.
protect the interests of jute growers and workers, govt. had enacted the Jute Packaging
Materials Act, which provided for reserving packaging of foodgrains up to 90% and for 15
per cent for urea, he added.