Centre miffed with Jute Corporation over low scale of MSP operations

CCEA has found that JCI and other cooperatives have procured under 4% of the jute produced in the country in the past five years

The Union government is seemingly peeved with the Jute Corporation of India (JCI) for its low scale of MSP (Minimum Support Price) operations of raw jute in the past five years.

Recently, the Cabinet Committee on Economic Affairs (CCEA) has found that JCI and other cooperatives have procured less than four per cent of the jute produced in the country in the past five years. Between 2012-13 (July-June) and 2017-18 (July to January), JCI has procured 3.4, 1.5, 0.2, zero, 2.5 and 3.1 per cent of the jute produced in the country. On an average around 8.5-9.3 million