Comments
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday decided to increase to the minimum support price for winter crops for the forthcoming rabi marketing season (2020-21) and the floor price of wheat, the major rabi crop, went up by 4.6 per cent to Rs 1925 a quintal from Rs 1840 in the previous season.
The highest increase in MSP witnessed by lentil (masur) whose floor price saw a 7.3 per cent increase to Rs 4800 a quintal as compared to last year, according to an official statement. This was followed by barley whose MSP went by 5.9 per cent to Rs 1525 a quintal as compared to the last season.
The government said the increase in MSP for rabi crops was in line with the principle of fixing MSPs at a level of at least 1.5 times of the all India weighted average cost of production. Wheat farmers, for instance, would 109 per cent the production cost, it claimed.
The floor price for mustard and rapeseed was increased by Rs 225 per quintal to Rs 4425, while that of gram went up by 5.5 per cent to Rs 4875 a quintal over the previous season. A similar increase was also witnessed by safflower whose floor price rose to Rs 5215 from Rs 4945 a quintal in 2018-19.
MSP for rabi crops of 2019-20
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.