The Jute Corporation of India (JCI), a public sector unit under the Ministry of Textiles, will commence procurement of raw jute for the 2025-26 season from July at a revised Minimum Support Price (MSP) of Rs 5,650 per quintal, up from Rs 5,335 last year for the TD-3 benchmark variety.
JCI Managing Director Ajay Kr Jolly announced that sowing is expected to increase by 10 percent this year, with production also likely to be higher. The procurement agency has already purchased 5.05 lakh quintals worth Rs 252 crore in the ongoing 2024-25 season. The current MSP window will remain open till June.
In the previous jute year (July 2023–June 2024), JCI had procured a record 13.17 lakh quintals due to a bumper harvest.
With 110 direct purchase centres and 25 outsourced centres, JCI continues to buy raw jute directly from farmers, eliminating middlemen and curbing distress sales. “The JCI will absorb any quantity of jute directly from farmers without any ceiling,” Jolly added.
In a move to modernize jute procurement, the agency is planning to integrate blockchain technology and an e-auction platform to enhance transparency and traceability across the supply chain. Additionally, JCI has launched a one-year apprenticeship course to attract skilled talent to the jute sector.
The new initiatives reflect the government’s ongoing push to reform and digitize the traditional jute industry while supporting farmer welfare through fair pricing and expanded procurement.
About Jute Corporation of India
The Jute Corporation of India Limited (JCI) is central public sector undertaking under the ownership of Ministry of Textiles, Government of India. It is incorporated by the Government Of India in 1971 as a price support agency with a clear mandate for the procurement of raw jute / mesta without any quantitative limit from the growers at the minimum Support price (MSP) declared in each year by the Government Of India based on the recommendations made by Commission for Agricultural Cost & Prices
