The Cabinet Committee on Economic Affairs has approved the Minimum Support Prices (MSPs) for Kharif Crops of 2011-12 seasons. The MSP of Paddy (Common) has been fixed at Rs.1080 per quintal and of Paddy (Grade A) at Rs. 1110 per quintal, which represents an increase of Rs.80 per quintal over the last year’s MSPs.
The MSPs of Jowar (Hybrid), Bajra and Maize each have been raised by Rs.100 per quintal and fixed at Rs.980 per quintal each. The MSP of Jowar (Maldandi) has also been raised by Rs. 100 per quintal over the last year’s MSP and fixed at Rs. 1000 per quintal. The MSP of Ragi has been fixed at Rs. 1050 per quintal, raising it by Rs. 85 per quintal over the last year’s MSP.
The MSP of Arhar (Tur) has been fixed at Rs. 3200 per quintal, of Moong at Rs. 3500 per quintal and of Urad at Rs. 3300 per quintal marking an increase of Rs. 200 per quintal, Rs.330 per quintal and Rs. 400 per quintal, respectively over the last year’s MSPs. The MSPs of Arhar (Tur) and Moong have been fixed at a level higher by Rs.100 per quintal than that recommended by Commission for Agricultural Costs & Prices (CACP). In addition, similar to last year an additional incentive at the rate of Rs. 500 per quintal for tur, urad and moong sold to the Government procurement agencies during the harvest/ arrival period of two months shall also be given.
The MSPs of Groundnut-in-shell, Sun flowers seed, Sesamum and Nigerseed have been increased by Rs. 400 per quintal, Rs. 450 per quintal, Rs.500 per quintal and Rs.450 per quintal over the last year’s MSPs and have been fixed at Rs. 2700 per quintal, Rs. 2800 per quintal, Rs. 3400 per quintal and Rs. 2900 per quintal, respectively. The MSPs of Soyabean (Black), Soyabean (Yellow) have been increased by Rs. 250 per quintal each over the last year’s MSPs and fixed at Rs.1650 per quintal and Rs. 1690 per quintal, respectively.
MSP of Cotton has been raised by Rs. 300 per quintal and fixed at Rs. 2800 per quintal for Staple length (mm) of 24.5 - 25.5 and Micronaire value of 4.3 - 5.1 and at Rs. 3300 per quintal for Staple length (mm) of 29.5 - 30.5 and Micronaire value of 3.5 - 4.3. (PIB)
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