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Global Trade Alert

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India: Minimum support price increased for raw jute for the 2023-2024 season

Description

On 24 March 2023, the Indian Cabinet Committee on Economic Affairs approved a minimum support price of INR 5'050 (~USD 61.32) per quintal for raw jute (TDN3 equivalent to TD5 grade) for the 2023-2024 ...

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Intervention Details

Intervention Type

Price stabilisation

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jul 2023

Revocation date

30 Jun 2024

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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