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Downtrend in raw jute output takes sheen off MSP hike

The Cabinet Committee on Economic Affairs (CCEA) Wednesday gave its nod to raise MSP of raw jute from Rs 35,000 to Rs 37,000 per tonne

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Jayajit Dash Bhubaneswar
The latest hike in Minimum Support Price (MSP) of raw jute has little to cheer for the ailing jute industry beyond bringing marginal economic gains for farmers engaged in raising the fibre crop.

The Cabinet Committee on Economic Affairs (CCEA) Wednesday gave its nod to raise MSP of raw jute from Rs 35,000 to Rs 37,000 per tonne. The revised MSP is in line with the recommendation by the Commission for Agricultural Costs & Prices (CACP). The Commission takes into account the cost of production, overall demand-supply, domestic and international prices, inter-crop price parity, terms of trade between agricultural and

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First Published: Apr 27 2018 | 2:02 AM IST

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