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Showing posts with label Cabinet Committee on Economic Affairs. Show all posts
Showing posts with label Cabinet Committee on Economic Affairs. Show all posts

November 3, 2012

Government Raises Minimum Support Price for Rabi Crops

The Cabinet Committee on Economic Affairs (CCEA) on Thursday raised the minimum support price (MSP) for rabi crops such as mustard seeds, grams and lentils by seven-20 per cent. However, the CCEA did not take a decision on the wheat MSP for the 2013-2014 crop marketing season (April-March).
An official statement said that the CCEA approved raising the MSP of grams and masur (lentil) by Rs 100-200 a quintal to Rs 3,000 for gram and Rs 2,900 for lentil for the April 2013-March 2014 marketing year. The Cabinet has also approved increasing the MSP of mustard seeds from Rs 2,500 crore a quintal to Rs 3,000 a quintal for the 2013-14 marketing year and from Rs 2,500 to Rs 2,800 for safflower.

Among cereals, the official statement said that the CCEA has frozen the support price of barley at Rs 980 a quintal for 2013-14.