Question

The Cabinet Committee on Economic Affairs approved the MSP for Raw Jute 2026-27. What principle governs the MSP fixation for raw jute? 

A At least 2 times the all-India weighted average cost of production
B At least 1.25 times the cost of production
C At least 1.5 times the all-India weighted average cost of production
D Equal to the previous year's market price plus 10%
E Based on international jute market benchmarks
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