The Commission for Agricultural Costs & Prices (CACP) has recommended a sharp hike of up to Rs 475 per quintal in the Minimum Support Price (MSP) of pulses for winter season. The CACP has submitted the MSP proposals for wheat and other winter crops for 2016-17 rabi season to the Agriculture Ministry. The government’s advisory body on farm pricing has proposed this in order to boost production and check prices of lentils. The body has suggested a hike of Rs 100 in wheat MSP (minimum support price) to Rs 1,625 per quintal for the rabi crop (winter) against Rs 1,525 per quintal in the last year.
CACP has suggested a sharp hike in the MSP of masoor and gram (chana) by up to Rs 475 to Rs 3,800 per quintal each for this year. The MSP of gram was fixed at Rs 3,425 per quintal and that of masoor at Rs 3,325 per quintal in 2015-16. That apart, the CACP has recommended increase in the barley MSP by Rs 100 to Rs 1,325 per quintal and safflower by Rs 300 to Rs 3,600 per quintal for the 2016-17 rabi season.
The government is targeting 20.75 million tonnes (MT) of pulses production this year on account of good monsoon. It expects 13.5 MT of output from the ensuing rabi season, while 8.7 MT is estimated to have been harvested in the just completed kharif season.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: