Indian jute company adds MSP to stop sales in distress
Ajay Kumar Jolly (MD JCI) spoke at Kolkata on 13.05.2025. |Photo source: Debasish Bhaduri
The JUTE Corporation of India (JCI) has increased the minimum selling price of jute from Rs 5,335 to Rs 5,650 in crop year 2025-26 to stop farmers’ painful sales. JCI officials also asked farmers not to fall down middlemen and sell them below MSP to ensure industry sustainability and growth.
The new MSP will be available for the new crop year on July 1 for intermediate jute, with prices on other grades going up. Officials say the lack of information does make farmers less aware of the MSP and local JCI centers where they can sell their products. Farmers can use the Paat Mitro app to find the nearest center among 110 functions in India.
“For the past 3-4 years, we have been working with the Indian Space Research Organization (ISRO) to help understand crop cultivation, environmental factors, soil quality, moisture, production, etc. We also conducted a crop cutting experiment and we have achieved high accuracy over the years,” said Moloy Chandan Chakraborty, JCI, Jute Commission of JCI, Moloy Chandan Chakraborty, JCI. He said that “active data collection” is also underway through remote sensing.
Mr Chakraborty said they sold about 600 tons of jute seeds last year. This year, it has exceeded 1,000 tons, which exceeds their expectations. Therefore, the upcoming jute production is expected to be sufficient.
No procurement restrictions
Last year, the Indian government purchased more than 505,000 fifty people from farmers for Rs 252.38 crore. Officials say they are ready to buy as much as farmers can sell in case they get better prices on the open market than MSPs.
JCI Managing Director Ajay Kumar Jolly told him: “Over the years, climate change has had an impact on jute production. Hindu.
However, climate change is not a major obstacle, he said, because the cultivation of jute makes the land more fertile. It can help farmers grow other crops. Mr. Jolie said jute absorbs 15 tons of carbon dioxide per hectare and releases more than 10 tons of oxygen.
Officials also shut down rumors of insufficient jute production and rising prices, which he said may be an attempt to artificially raise prices.
publishing – May 13, 2025 11:21 pm ist