Rabbi
2019-20
Government Increases
Minimum Support Prices For Rabi Crops
In a move to increase farmers’ income, the Cabinet has increased the MSP of rabi (winter-sown) crops for the current year, Information and Broadcasting
Minister Prakash
Javadekar said.
Today 23/10/2019
The government has hiked the
minimum support price for wheat
by Rs. 85 to Rs. 1,925 a quintal and for pulses by up to Rs. 325 per
quintal.
A decision in this regard was
taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi.
The
MSP is the rate at which the
government buys grains from farmers.
"In a move to increase farmers' income, the Cabinet has increased the
MSP of rabi
(winter-sown) crops for the current year," Information and Broadcasting
Minister Prakash Javadekar said.
The CCEA has approved Rs. 85 per quintal hike in wheat MSP to Rs. 1,925 per quintal for the 2019-20 rabi crop, up from Rs. 1,840
per quintal last year.
Barley MSP has also been increased
by Rs. 85 to Rs. 1,525 per quintal from Rs. 1,440 per quintal last
year.
To encourage cultivation of pulses, the support price of masoor has been increased by Rs. 325 to Rs. 4,800
per quintal from Rs. 4,475
per quintal last year.
Similarly, the MSP for gram has been hiked by Rs. 255
to Rs. 4,875 per quintal for this year from Rs. 4,620 per quintal last year.
Among oilseeds, rapeseed/mustard MSP has been increased by Rs. 225
to Rs. 4,425 per quintal for 2019-20
rabi crop from Rs. 4,200
per quintal during 2018-19.
The minimum support price for safflower has been hiked by Rs. 270
to Rs. 5,215 per quintal from Rs. 4,945 per quintal last
year.
The
MSP for rabi crops announced for this year is in line with the recommendation of the government's
farm price advisory body CACP.
COMMENT
Wheat is the main rabi crop, sowing of which will begin next
month. The crop will be marketed from next April onwards.
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