MSP for agri crops too high compared to global, market price: Nitin Gadkari

The government provided Rs 6,000 crore subsidy to export 6 million tonnes of sugar as the country is surplus in the sweetener, Gadkari said

The government's minimum support prices for agriculture crops are way higher then domestic market prices and international rates, Union minister Nitin Gadkari said on Thursday as he stressed on finding alternative solutions before an "economic crisis" is created.

While the government fixes the rate, called minimum support price or MSP, at which it buys crops such as wheat and paddy from farmers, it also provides a subsidy to help export sugar.

"The most important problem in this sector is that (among) the international price for agriculture commodities and the market price and the MSP, there is a vast difference. Now