Government hikes support prices for kharif crops

The government today announced an increase in the minimum support prices (MSP) for kharif crops in the 2011-12 season.

The Cabinet Committee on Economic Affairs (CCEA) has fixed the MSPs for Kharif paddy (common) at Rs1,080 per quintal and of paddy (Grade A) at Rs1,110 per quintal, which represents an increase of Rs80 per quintal over the last year's MSPs.

The MSPs of jowar (hybrid), bajra and maize each have been raised by Rs100 per quintal and fixed at Rs980 per quintal each. The MSP of jowar (Maldandi) has also been raised by Rs100 per quintal over the last year's MSP and fixed at Rs1,000 per quintal.

The MSP of ragi has been fixed at Rs1,050 per quintal, raising it by Rs85 per quintal over the last year's MSP.

The MSP of arhar (tur) has been fixed at Rs3,200 per quintal, of Moong at Rs3,500 per quintal and of urad at Rs3,300 per quintal, marking an increase of Rs200 per quintal, Rs330 per quintal and Rs400 per quintal, respectively over the last year's MSPs.

The MSPs of arhar (tur) and moong have been fixed at a level higher by Rs100 per quintal than that recommended by the Commission for Agricultural Costs and Prices (CACP). In addition, similar to last year, an additional incentive at the rate of Rs500 per quintal for tur, urad and moong sold to the government procurement agencies during the harvest/arrival period of two months has also been announced.