The government on Friday approved an increase in the minimum support price (MSP) of milling copra by Rs 439 per quintal and ball copra by Rs 380 per quintal as part of its effort to boost farmers income. The new MSP for milling copra for 2020 season will be Rs 9,960 per quintal and that of ball copra Rs 10,300 per quintal. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval for the MSP for copra for 2020 season. Information & Broadcasting Minister Prakash Javadekar said India is number one in production and productivity of copra in the World. The production of copra is around 15 million tonnes. It is grown by 30 lakh farmers in 20 lakh hectares area. The MSP for Fair Average Quality (FAQ) of milling copra has been increased to Rs 9,960 per quintal for 2020 season from Rs 9,521 per quintal in 2019. The MSP for ball copra has been increased to Rs 10,300 per quintal for 2020 season from Rs 9,920 per quintal in 2019. This will ...
The government has mandated mixing of 10% ethanol in petrol, but only about 6% is being mixed currently
The Bhupesh Baghel-led state government has locked horns with the Centre over procurement of paddy at Rs 2,500 a quintal, higher than the minimum support price
Between FY13 and FY19, the government of India raised MSP of various agricultural commodities by 40-70 per cent
Pressure exacerbated by increasing labour costs, interest on working capital, land, plant and machinery
Government's decision to increase MSP consistently had raised cost of procuring
India consumes around 24-25 million tonnes of pulses, but sowing trends show this year production is expected to be lower compared to last year
The government's rice and wheat stocks in the central pool as of June 1 was estimated to be around 74.14 million tonnes
Daily arrivals in the key markets have fallen to a combined 1,500-3,000 bags this month, from 8,000-12,000 bags at this time a year before
On February 14, the government had announced a 7% increase in the minimum support price to Rs 31 per kg from Rs 29 for sugar
There are about 20,000 farmers in the national capital
Higher MSPs for minor forest products won't help
The private sector is not very inclined to participate in procurement as it is not commercially viable for them
India reported production of 25.23 million tonnes (MT) of pulses during FY 2017-18 against 14.66 MT in FY 2009-10, an increase of 72.10%
MSP-based procurement policy has outlived its utility
The minimum support price for the rabi season will not radically alter the falling trajectory of farm incomes
The minimum support price for the rabi season will not radically alter the falling trajectory of farm incomes
The government had announced the hike in MSPs in July for the summer or the kharif crop
For many crops, the MSP increase is lower than the rise in production cost
The US accused Indian agricultural subsidies to be "vastly in excess", according to this June 2018 note from the International Centre For Trade and Sustainable Development