Agri Business

Cabinet okays higher MSP for Rabi crops

Our Bureau New Delhi | Updated on January 15, 2018

AGRI_1_msp

The Cabinet has increased the minimum support price (MSP) for all Rabi crops for the 2016-17 season. The MSP for wheat has been raised by ₹100 (6.6 per cent) to ₹1,625 per quintal.

The Commission for Agricultural Costs & Prices (CACP) had last month recommended that the wheat MSP be raised by ₹100.

The MSP for barley has gone up by 8.2 per cent, gram by 14.3 per cent, masur by 16.2 per cent, rapeseed/mustard by 10.4 per cent and safflower by 12.1 per cent, said a government statement.

A higher MSP is expected to encourage farmers to sow crops in the ongoing Rabi season.

Sowing in the Rabi season is gaining pace with total acreage till November 11 at 146.85 lakh hectares. This is 15.9 per cent higher than last year’s 127.71 lakh hectares.

Published on November 15, 2016

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