Farmers hit as prices of kharif crops plunge below MSPs

Farmers hit as prices of kharif crops plunge below MSPs

Wholesale prices of just-harvested kharif crops are trading at lower than minimum support prices (MSPs), despite the government’s promise to ensure better prices for farmers.

The centre significantly raised MSPs in July to ensure 50% returns over costs and followed it up with a new procurement mechanism named PM-AASHA. However, farmers in several states are selling soya bean, and pulses such as moong and urad at lower than MSP.
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