Government hikes MSP of kharif crops; pulses to get Rs 200 per quintal bonus

18 Jun 2015 Evaluate

Amid the concerns of deficient monsoon, the inflation-wary government hiked the minimum support price (MSP) for different kharif crops with pulses witnessing sharp upward revision of Rs 275 per quintal for this year to boost domestic output and check price rise. In view of a large surplus of cereals in contrast to huge deficit of pulses, the Cabinet made an exception and decided to give a bonus of Rs 200 per quintal for pulses over and above the recommendations of the Commission for Agricultural Costs and Prices (CACP). After inclusion of bonus, the MSP of tur and urad has been fixed at Rs 4,625 per quintal each for 2015-16, which is higher by Rs 275 per quintal from the last year. Similarly, the MSP of moong has been hiked by Rs 250 to Rs 4,850 per quintal for this year from Rs 4,600 per quintal in the 2014-15 kharif season.

Besides pulses, CEA has also approved the MSP of paddy by Rs 50 per quintal for common variety to Rs 1,410 per quintal and Grade A variety to Rs 1,450 per quintal for this year. Among cash crops, the MSP of cotton has been raised by Rs 50 to Rs 4,100 per quintal for long staple and Rs 3,800 per quintal for medium staple cotton for 2015-16.

Among other crops, CCEA has raised the MSP of ragi by Rs 100 per quintal to Rs 1,650 per quintal; jowar - Rs 40 per quintal to Rs 1,590; bajra - Rs 25 per quintal to Rs 1,275 and maize by Rs 15 per quintal to Rs 1,324 for 2015-16.

Among oilseeds, the MSP of sunflower seed has been increased by Rs 50 to Rs 3,800 per quintal from over the last year, while that of yellow soyabean price by Rs 40 to Rs 2,600 per quintal and groundnut MSP by Rs 30 to Rs 4,030 per quintal for 2015-16 kharif season. The MSP of sesamum seed has been raised by Rs 100 to Rs 4,700 per quintal and nigerseed to by Rs 50 to Rs 3,650 per quintal for this year.

The Cabinet also directed that a credible procurement mechanism for pulses and oilseeds be put in place if the need arises. Amid forecast of deficit rains, the government said it is 'fully prepared to meet contingency arising out of any shortfall in monsoon. The contingency plans for 650 districts will be operationalised depending on progress of the monsoon'.

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