Jute MSP hiked by 5.5%

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The new MSP would ensure a return of 60.53% over the all-India weighted average cost of production, the government said.The hike is in line with the principle of fixing the MSP at a minimum of 1.5 times the all-India weighted average cost of production, as announced in the budget for 2018-19. This assures a minimum 50% profit margin, it added.

from Agriculture-Economy-News-Economic Times https://ift.tt/st0V2mi

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