Login ID:
Password:
Partner Login
Contact Us : 7066511911

Govt Likely To Announce MSP For Rabi Crops Today

23 Oct 2019 10:31 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI (Commoditiescontrol) - The Modi government is planning a big announcement for the farmers ahead of Diwali. The government can announce a hike in the minimum support price (MSP) of Rabi or winter crops on Wednesday.

As per sources the government can take a decision to announce the MSP hike for the year 2019-20 at the Cabinet meet to be held on Wednesday.

The hike is likely to be based on the recommendations of the Commission for Agricultural Costs and Prices (CACP).

According to sources, the CACP has recommended the MSP of wheat at Rs 1,925 per quintal, mustard at Rs 4,425 per quintal, gram at Rs 4,825 per quintal, lentils at Rs 4,800 per quintal and safflower at Rs 5,215 per quintal.

Last year in 2018-19, the MSP of wheat was at Rs 1,840 per quintal, gram at Rs 4,620 per quintal, lentils at Rs 4,475 per quintal, mustard at Rs 4,200 per quintal and safflower at Rs 4,945 per quintal.

This means that the MSP of wheat will be increased by Rs 85 per quintal. Similar increase in the MSP of other Rabi crops has also been recommended.

The Modi cabinet may either wholly implement the recommendations of the CACP or make some modifications.

Sources said that the announcement in MSP was delayed due to assembly elections in Haryana and Maharashtra which took place on Monday along with the by-elections for several seats across the country.


N       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Top 5 News
Spot Mentha Moves Down On Sluggish Demand
Small Cardamom Futures Hit 4% Upper Circuit
Spot Jeera Gains On Strong Demand; Futures Follow
Spot Turmeric Sluggish; Futures Firm
Canada and Ukraine White peas close Marginally Down
Top 5 Special Reports
USD/INR (Nov. 19) Bullish Breakout Confirmed Hold ...
Pigeon Pea (TUR) Spot (Mumbai INR) Bullish Primary Tr...
Pigeon Pea (TUR) Spot (BURMA USD) Close to a Bullish...
USD/INR (Nov. 19) Approaching Resistance Near 71.50 ...
USD/MYR
Copyright © CC Commodity Info Services LLP. All rights reserved.