Govt increases MSP for Rabi crops

India Infoline News Service | Mumbai | October 26, 2017 09:12 IST

The central government has increased the Minimum Support Price (MSP) for Rabi crops for 2017-18 to encourage farmers to bring a major area under their cultivation.

The central government has increased the Minimum Support Price (MSP) for Rabi crops for 2017-18 to encourage farmers to bring a major area under their cultivation.

The Cabinet Committee on Economic Affairs (CCEA) approved the revised MSPs of some of the winter sown (rabi) crops - Rs 110 for Wheat, Rs 400 for Pulses and Rs 300 for Mustard.

MSP of Wheat was hiked by Rs 110 to Rs 1,735 per quintal for 2017-18, up from Rs 1,625 last year.

The government has also increased the MSP of Barley by Rs 85 to Rs 1,410 per quintal and of Pulses by Rs 400 to Rs 4,400 per quintal.

MSPs of Masoor (lentil) and Mustard were increased by Rs 300 to Rs 4,250 per quintal and by Rs 300 to Rs 4,000 per quintal, respectively.

The MSP of Safflower was increased by Rs 400 to Rs 4,100 per quintal.

While sowing of these Rabi crops is set to start soon, their procurement by the government agencies under the MSP will start by April next year.

Owing to bumper production last year, pulses, especially of Arhar (pigeon pea), were sold below the MSP last year.

The prices of Arhar had fallen below the MSP in the key growing states of Telangana, Maharashtra, and Karnataka.

 

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