Agri Business

MSP for rabi crops hiked by15-39%; wheat at Rs 1,285, rapeseed Rs 2,500

Our Bureau New Delhi | Updated on October 25, 2011

Minimum support price (MSP) for wheat, to be marketed in 2012-13, has been increased to Rs 1,285, an increase of 14.7 per cent (by Rs 165 a quintal) over last year’s MSP.

This decision was taken by the CCEA, which approved the MSPs for rabi crops of 2011-12, here on Tuesday.

“The MSP of barley has been fixed at Rs 980 per quintal, up 25.6 per cent (by Rs 200) from last year,” Mr Salman Khurshid, Law Minister, said.

The MSP of gram has been fixed at Rs 2,800 per quintal, a 33.34 per cent hike (of Rs 700) over last year; while that for lentil (masur) has been fixed at Rs 2,800 a quintal, up 24.4 per cent (by Rs 550) over last year.

The MSP for rapeseed/mustard is Rs 2,500 a quintal, up 35 per cent (by Rs 650); while that for safflower has been fixed at Rs 2,500 a quintal, up 38.8 per cent (by Rs 700).

Published on October 25, 2011

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