Govt approves hike in MSP for 14 Kharif crops: Check revised support prices for the summer-sown produce
6 years, 8 months ago

Govt approves hike in MSP for 14 Kharif crops: Check revised support prices for the summer-sown produce

Firstpost  

The hike in MSP will not impact food inflation and the government is confident in reining in rising consumer prices, Rajnath Singh said The Centre on Wednesday raised the minimum support price at which the government will buy all Kharif crops for the 2018-19 season. It also raised the support price for a superior rice variety to Rs 1,770, up from Rs 1,590 last year, home minister Rajnath Singh told reporters on Wednesday. The cabinet also raised the minimum support price for soybean and long staple cotton by 10.3 percent and 20.7 percent, to Rs 3,399 and Rs 5,450 respectively, Singh said. Minimum Support Prices for 14 Kharif crops for the 2018-19 season Commodity Paddy Paddy Jowar Jowar Bajra Ragi Maize Arhar Moong Urad Groundnut Sunflower Seed Soyabean Sesamum Nigerseed Cotton Cotton * Includes all paid out costs such as those incurred on account of hired human labour, bullock labour/machine labour, rent paid for leased in land, expenses incurred on use of material inputs like seeds, fertilisers, manures, irrigation charges, Depreciation on implements and farm miscellaneous expenses, and imputed value of family labour.

History of this topic

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