Page 5 - Minimum Support Price

Centre raises wheat MSP by 5.46%; biggest hike kept for mustard, lentils

The government on Tuesday hiked the minimum support price for wheat by Rs 110 to Rs 2,125 per quintal and mustard by Rs 400 to Rs 5,450 per quintal for the current crop year with an aim to boost production and income of the farmers. The decision to increase the MSPs (minimum support prices) was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi. MSP is the rate at which the government buys grain from farmers. Currently, the government fixes MSPs for 23 crops grown in both Kharif and rabi seasons. Sowing of rabi (winter) crops begins in October, immediately after the harvest of kharif (summer) crops. Wheat and mustard are major rabi crops. According to an official release, the CCEA has approved an increase in MSPs for six rabi crops for the 2022-23 crop year (July-June) and the 2023-24 marketing season. Wheat MSP has been increased by Rs 110 to Rs 2,125 per quintal for this crop year from Rs 2,015 per quintal in the 2021-2

MSP hike of Rabi crops will further energise agriculture sector: PM Modi

Prime Minister Narendra Modi said on Tuesday the hike in the minimum support price of several Rabi crops will further energise the agriculture sector. The government on Tuesday hiked the minimum support price (MSP) of six Rabi crops by up to 9 per cent, with Rs 110 per quintal increase for wheat crop to boost domestic production and farmers' income. Wheat MSP has been raised by 5.45 per cent to Rs 2,125 per quintal from Rs 2,015 per quintal to encourage more area under the crop amid tight government stock position owing to low procurement, fall in production and higher exports. Modi noted that farmers are important partners in the country's development and said the government has approved increase in the MSPs of all essential Rabi crops, including wheat, lentils, and barley.

Farmers receive MSP worth Rs 2,356 crore during 2022-23 Kharif season

In the ongoing Kharif marketing season in Punjab, Haryana, Chandigarh, Uttar Pradesh, Uttarakhand and Tamil Nadu, farmers have benefitted with minimum support price value of Rs 2,356.30 crore

As farmers return to Delhi, here is what they are protesting about

Apart from unemployment, the withdrawal of the Electrical Reform Bill and implementation of the minimum support price (MSP) on commercial crops were among the major demands of the farmers

MSP panel forms 4 sub-groups even as farmers descend on Delhi again

Commuters brave traffic snarls; SKM stays away from the protests; next MSP panel meet likely in Hyderabad

Committee on MSP sets up four sub-groups to discuss key issues

The committee on Minimum Support Price (MSP) formed four sub-groups on mandated topics, including making "MSP more effective and transparent" in its first meeting on Monday but Samyukta Kisan Morcha (SKM) remained absent. The committee, headed by former agriculture secretary Sanjay Agrawal, discussed ways to "promote zero budget based farming", to "change" crop patterns keeping in mind the changing needs of the country, and to make MSP more "effective and transparent". The panel has 26 members including the chairman, while three membership slots are kept aside for representatives of SKM. "After a day long deliberation, the committee decided to form four sub-groups or committees on three mandated topics," the committee member Binod Anand told PTI. Anand, who is holding the charge of general secretary at farmers' group CNRI, said the first group will study Himalayan states as well as the cropping pattern and crop diversification and how to ensure MSP support in those states. The sec

To achieve self-sufficiency in oilseeds, pulses govts must assure purchase

Though there has been an increase in acreage and production of these items, there hasn't been a big reduction in paddy and wheat acreage

Congress vows to fight for farmers' issues from streets to Parliament

All India Kisan Congress' newly-appointed chief Sukhpal Singh Khaira said he will undertake a nationwide tour to know the problems of farmers and labourers, and support them.

Cost to crop: What it will take for effective, transparent delivery of MSP

MPS's effective and transparent delivery has been part of multiple committees and reports. Many recommendations have been implemented and others put in cold storage

Splits in SKM could mean an opportunity to unify farmers is lost

Centre's move to form a panel on making the minimum support price (MSP) mechanism effective and keeping three positions vacant in it for SKM representatives has triggered strong disapproval from it

Time for an accommodation

SKM should join the govt-appointed panel to shape agri policy

To promote crop diversification, Chhattisgarh govt to procure pulses at MSP

While farmers will get Rs 6,600 for a quintal of 'arhar' (pigeon pea), 'urad' (black gram), those selling 'moong' (green gram) to the government society will be entitled to Rs 7,755 a quintal as MSP

SKM leaders question composition of MSP panel, may give it a miss

Farmers' grouping has also been roiled by factional disputes since year-long agitation was called off

Eight months after rolling back farm laws, Centre sets up MSP panel

Representatives of agriculture universities and institutions have also been included in the panel. Joint secretary (crops) in the Ministry of Agriculture will be the member secretary in the panel

LIVE: India achieves complete vaccination of 90% of its adults, says govt

Live news updates: From Delhi Assembly Monsoon Session, Punjab cabinet expansion to ongoing Russia-Ukraine war, catch all the latest new updates here

Kharif MSP hiked 4-9% for 2022-23 season, largest spike in pulses, oilseeds

Biggest hikes were reserved for pulses, oilseeds

Top headlines: Cabinet hikes paddy MSP; masks made mandatory on flights

Business Standard brings you the top headlines on Wednesday

Mann-led AAP govt in Punjab to present its first budget on June 27

Chief Minister's Office said the Cabinet gave the nod for promulgation of the session from June 24 with obituary references and motion of thanks on Governor's Address, followed by a discussion on it

Wheat in surplus for entire year in India, farmers given good prices: Govt

Sudhanshu Pandey, Secretary, DFPD said that due to higher market prices, a large quantity of wheat was being bought by traders at a higher rate than MSP, which was good for the farmers

India's wheat export boom brings a bonanza to farmers, and budget relief

For international wheat markets, India's sales are helping offset a supply shortfall resulting from Ukraine-driven disruptions in Black Sea region, crop cuts in Canada, quality downgrades in Australia