Jute Corporation of India increases MSP to stop distress sales

Ajay Kumar Jolly (MD JCI) addressing the property league of Jute Corporation of India successful Kolkata connected 13.05.2025. | Photo Credit: Debasish Bhaduri

The Jute Corporation of India (JCI) has accrued minimum selling terms (MSP) of jute from ₹5,335 to ₹5,650 for harvest twelvemonth 2025-26 to discourage distress income by farmers. JCI officials person besides asked farmers not to autumn for middlemen, and merchantability beneath MSP to guarantee sustainability and maturation of the industry.

The caller MSP volition beryllium applicable from the caller harvest twelvemonth which starts connected July 1 for mediate people jute, and the prices for different grades volition summation successful parity. Officials said that a deficiency of accusation does make a deficiency of consciousness among farmers astir MSP and section JCI centres wherever they tin merchantability their products. Farmers could usage the Paat Mitro app to find the nearest centre among the 110 functioning successful India.

“For the past 3-4 years we person been moving with the Indian Space Research Organisation (ISRO) to assistance recognize harvest cultivation, biology factors, ungraded quality, moisture, production, and more. We are besides conducting a harvest cutting experimentation wherever we person achieved large accuracy implicit the years,” Moloy Chandan Chakraborty, Jute Commissioner of JCI, said. He said “active information collection” via distant sensing is besides underway.

Mr. Chakraborty said that past twelvemonth they sold astir 600 tons of jute seeds; this twelvemonth it has crossed 1,000 tons, an magnitude that exceeded their expectations. Jute accumulation for the upcoming twelvemonth is truthful expected to beryllium sufficient.

No procurement bounds

Last twelvemonth the authorities of India procured implicit 5.05 lakh quintals of jute from farmers for ₹252.38 crores. Officials said that they are acceptable to bargain arsenic overmuch arsenic farmers tin sell, successful lawsuit they bash not get amended rates than the MSP successful the unfastened market.

“Climate alteration has had an interaction connected jute accumulation implicit the years. Sowing of seeds has had to beryllium preponed, and aggregate cyclones person besides impacted cultivation,” Ajay Kumar Jolly, Managing Director of JCI, told The Hindu. 

He said, however, clime alteration issues are not a large obstacle since cultivation of jute makes the onshore much fertile; it helps farmers turn others crops. Mr. Jolly said each hectare of jute absorbs 15 tons of c dioxide and releases implicit 10 tons of oxygen.

The officials besides unopen down rumours of shortfalls successful jute accumulation and expanding prices, which helium said was apt an effort to artificially summation the price. 

Published - May 13, 2025 11:21 p.m. IST