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Cabinet Approves MSP For 14 Kharif Crops; Pulses MSP Rise Upto Rs 300

1 Jun 2020 5:36 pm
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Mumbai (Commodities Control) - The Union Cabinet today approved minimum support price (MSP) for 14 kharif crops. The revised prices will provide farmers nearly 50-83% more than the cost, Union Agriculture Minister Narendra Singh Tomar said in a cabinet briefing.

The MSP for paddy has been raised by Rs 53 to Rs 1,868 per quintal for the 2020-21 crop year. Jowar MSP has been upped from Rs 2550 at Rs 2,620 per quintal and Bajra at Rs 2,150 per quintal, up Rs 150.

Among other produce, the MSP for Cotton has been increased by Rs 260 to Rs 5,515 per quintal.

The MSP for moong and groundnut have been raised by Rs 146-185 at Rs 7196 and Rs 5275/Quintal respectively.

MSP for soybean was upped from Rs 3710 to Rs 3880/Quintal.

Among pulses, MSP for Arhar(Tur) was risen by Rs 200 to Rs 6000 and Urad MSP was upped by Rs 300 To Rs 6000/Quintal, as well.

Union Agriculture Minister said the procurement of wheat and paddy has gone up despite concerns due to lockdown.

He noted that 360 lakh metric tonnes of wheat have been procured this year versus 342 lakh metric tonnes last year. In the case of paddy, procurement has been at 95 lakh metric tonnes versus 90 lakh metric tonne last year.

Among other measures to help farmers, the government has extended time for repayment of loans to August now, he said.

(Commodities Control Bureau)

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