INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The government has raised the minimum support price (MSP) for major crops, including wheat, pulses and oilseeds, by 2per cent to
21per cent, which is expected to increase its acreage in the rabi or winter-sowing season.
Analysts said farmers will respond to the higher
and mustard will see an increase in acreage this rabi season
Commodity.
Gupta said wheat prices will remain stable as the government had huge stock but the trade expects prices of chana to see an
MSP in the recent past and now the government has to ensure that farmers get the price that has been announced
Agricultural Costs and Prices (CACP).
Agriculture Minister Radha Mohan Singh said the government has increased MSP for rabi crops
The Cabinet Committee on Economic Affairs approved MSP for rabi crops of 2018-19 season to be marketed in 2019-20
For instance, for wheat, the cost of production is Rs 866 per quintal and declared MSP is Rs 1,840 per quintal which gives a return of 112.5
per cent over the cost of production," he said.
