The Government has announced an increase in minimum support price (MSP)
for a host of kharif crops, including paddy, pulses and oilseeds.
The Cabinet Committee on Economic Affairs has approved -
- an increase of Rs 60 in the MSP of paddy to Rs 1,310 per quintal
- Grade A paddy, the MSP increased by Rs 65 per quintal to Rs 1,345
- Arhar by Rs 450 to Rs 4,300 per quintal
- Groundnut by Rs 300 to Rs 4,000 and Rs 4,500 a quintal
- Sesame hiked by Rs 300 to Rs 4500 a quintal
- Also, moong MSP has been increased by Rs 100 to Rs 4,500 per quintal
- bajra raised by Rs 75 per quintal and fixed at Rs 1,250 per quintal
- maize, raised by Rs 135 per quintal at Rs 1,310 per quintal.
- Soyabean black increased by Rs 300 to Rs 2,500 per quintal
- Soyabean yellow hiked by Rs 320 per quintal to Rs 2,560 per quintal.
- Cotton medium staple raised by Rs 100 per quintal each to Rs 3,700
- Cotton long staple has been raised by Rs 100 per quintal each to Rs 4,000
The declaration of MSP by the Government this year has been delayed by
about a fortnight, while the monsoon has advanced and covered the entire
country about a month ahead than normal.
Sowing of key kharif crops such as rice, pulses and oilseeds has picked
up across the country with the swift advancement of monsoons.
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