<p>The Union Cabinet is believed to have considered a proposal to raise the support price for procuring raw jute during its meeting on Wednesday, according to sources.</p>.<p>The Minimum Support Price (MSP) of raw jute is Rs 4,225 per quintal for the 2020-21 season.</p>.<p>The sources said the proposal to increase the MSP of raw jute for 2021-22 was on the agenda of the Cabinet Committee on Economic Affairs (CCEA).</p>.<p><strong><a href="https://www.deccanherald.com/state/top-karnataka-stories/farmers-to-campaign-for-msp-in-karnataka-from-friday-957333.html" target="_blank">Read | Farmers to campaign for MSP in Karnataka from Friday</a></strong></p>.<p>However, it could not be ascertained whether a decision has been taken on hiking the MSP.</p>.<p>An official announcement about the decision is unlikely to be made because of the model code of conduct being in place for the assembly election in West Bengal, which is a major jute producing state, one of the sources said.</p>.<p>The Jute Corporation of India (JCI) is the central government's nodal agency to undertake price support operations. </p>
<p>The Union Cabinet is believed to have considered a proposal to raise the support price for procuring raw jute during its meeting on Wednesday, according to sources.</p>.<p>The Minimum Support Price (MSP) of raw jute is Rs 4,225 per quintal for the 2020-21 season.</p>.<p>The sources said the proposal to increase the MSP of raw jute for 2021-22 was on the agenda of the Cabinet Committee on Economic Affairs (CCEA).</p>.<p><strong><a href="https://www.deccanherald.com/state/top-karnataka-stories/farmers-to-campaign-for-msp-in-karnataka-from-friday-957333.html" target="_blank">Read | Farmers to campaign for MSP in Karnataka from Friday</a></strong></p>.<p>However, it could not be ascertained whether a decision has been taken on hiking the MSP.</p>.<p>An official announcement about the decision is unlikely to be made because of the model code of conduct being in place for the assembly election in West Bengal, which is a major jute producing state, one of the sources said.</p>.<p>The Jute Corporation of India (JCI) is the central government's nodal agency to undertake price support operations. </p>