The Centre on Tuesday announced an increase in minimum support prices ranging from 6.4 per cent to 10.8 per cent for the forthcoming rabi season over the previous year.
For wheat, the main rabi cereal crop, the MSP has been hiked by 6.8 per cent or ₹110 over previous year’s ₹1,625 per quintal. Similarly for rapeseed-mustard, another major rabi crop, the MSP hike was 8.1 per cent at ₹4,000. “The Government has substantially increased MSP for rabi agricultural crops,” announced Agriculture Minister Radha Mohan Singh on Twitter.
For gram or chana, the main rabi pulses crop, the hike in MSP was ₹400 per quintal at ₹4,400 or 10 per cent per cent over previous year. Similarly, for safflower the MSP increase is ₹400 at ₹4,100 per quintal or 10.8 per cent over last year. For Barley, the MSP has been hiked by 6.4 per cent at ₹1,410 per quintal and for Masur or lentil, the increase is 7.6 per cent at ₹4,250 per quintal.