Government Increases Minimum Support Prices for Kharif Crops for Marketing Season 2020-21
Published Jun 24, 2020
Tridge summary
The Cabinet Committee on Economic Affairs (CCEA) chaired by the Hon'ble Prime Minister Narendra Modi has approved increase in the Minimum Support Prices (MSPs) for all mandated Kharif crops for marketing season 2020-21.
Original content
The government has increased the MSP of Kharif crops for marketing season 2020-21, to ensure remunerative prices to the growers for their produce. The highest increase in MSP is proposed for nigerseed (Rs 755 per quintal) followed by sesamum (Rs 370 per quintal), urad (Rs 300 per quintal) and cotton (long staple) (Rs 275 per quintal). The differential remuneration is aimed at encouraging crop diversification. Sl. No Crops Projected Cost* KMS 2020-21 MSP for Kharif 2020-21 Increase in MSP (Absolute) Return over Cost (in %) 1 Paddy (Common) 1,245 1,868 53 50 2 Paddy (Grade A)^ - 1,888 53 - 3 Jowar (Hybrid) 1,746 2,620 70 50 4 Jowar (Maldandi)^ - 2,640 70 - 5 Bajra 1,175 2,150 150 83 6 Ragi 2,194 3,295 145 50 7 Maize 1,213 1,850 90 53 8 Tur (Arhar) 3,796 6,000 200 58 9 Moong 4,797 7,196 146 50 10 Urad 3,660 6,000 300 64 11 Groundnut 3,515 5,275 185 50 12 Sunflower Seed 3,921 5,885 235 50 13 Soybean (yellow) 2,587 3,880 170 50 14 Sesamum 4,570 6,855 370 50 15 Nigerseed 4,462 6,695 755 ...
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