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The Cabinet Committee on Economic Affairs (CCEA) today approved Rs.910 per quintal as the Minimum Support Price (MSP) of TD-5 grade of Jute ex-Assam for 2005-06 season on the recommendations of Commission for Agricultural Costs and Prices (CACP). MSPs of other varieties and grades of raw jute across locations will be fixed keeping in view, apart from normal market price differentials, the price differentials relating to grading undertaken on the basis of scores obtained.
The Jute Corporation of India will continue to be nodal agency to undertake price support operations. Losses incurred, if any, in the MSP operations, will be fully reimbursed by the Central Government.
The MSPs since 2001-2002 are as follows:
(Rs. / Quintal)
YEAR
MSP recommended by the CACP
MSP announced by the Government
2001-2002
810
810
2002-2003
850
850
2003-2004
860
860
2004-2005
890
890
2005-2006
910
910
RK/HK/CS
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