Industry WIKI

Jute production in India is integral to the country’s agricultural and industrial economy. India is the world’s largest producer of jute, accounting for about 75% of estimated world production. Jute is a natural fiber obtained from plants of the genus Corchorus, and is widely used for making sacks, mats, ropes, and eco-friendly packaging materials.

The minimum support price (MSP) is the minimum price for select crops raised in kharif and rabi seasons that the Government of India considers as remunerative for farmers and hence deserves support. This is different from procurement price and issue price. It is generally announced before the sowing/planting season. It is approved by the government and aims to safeguard the farmer to a m