Millennium Post

Govt ups paddy support price by Rs 60 to Rs 1,310 per quintal

Amid expectations of normal rain, the government on Thursday approved a hike of Rs 60 in paddy support price (MSP) to Rs 1,310 per quintal in order to encourage farmers to grow more in the ongoing kharif season.

The government also increased the minimum support price (MSP) of pulses and oilseeds by up to Rs 450 and Rs 320 per quintal, to boost ouput and reduce import dependence.

‘The Cabinet Committee on Economic Affairs (CCEA) has approved MSPs of kharif crops for 2013-14 crop year (July-June) as proposed by the Agriculture Ministry,’ a source said after the CCEA meeting here.

While MSP for common paddy has been raised to Rs 1,310 from Rs 1,250 per quintal, the support price of grade 'A' variety of paddy has been hiked by Rs 65 to Rs 1,345/quintal.

Sowing of paddy, the main kharif crop, begins with the onset of monsoon in June and harvesting starts in October. The normal monsoon forecast by the Met Department, coupled with hike in MSP, is expected to boost paddy area and productivity. In 2012, there was drought in four states leading to fall in foodgrains production by four million tonnes.
Next Story
Share it