Govt raises wheat, pulses MSP-TNN, Oct 21, 2010,

Govt raises wheat, pulses MSP

TNN, Oct 21, 2010, 01.47am IST

Comments Post a commentEmail this articlePrint this articleSave this articleMy Saved articlesReduce font sizeIncrease font sizeShare on HotklixShare on MessengerShare on NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the Minimum Support Prices (MSPs) of Fair Average Quality (FAQ) of rabi crops, which will be marketed in the 2011-12 season. After the approval, the MSP of gram and masur dal has gone up by Rs 340 and Rs 389 per quintal, respectively, and that of wheat by Rs 20.

The MSPs approved are on the recommendations of Commission for Agricultural Costs and Prices (CACP).

The Rs 380 hike in MSP for masur is expected to fetch farmers in 2011-12 a minimum of Rs 2,250 a quintal, while a quintal of gram would be selling at the minimum price of Rs 2,100.

Similarly, a quintal of wheat would be fetching a MSP of Rs 1,120, said a statement issued after the CCEA meeting that chaired by Prime Minister Manmohan Singh, adding that the MSP for barley, too, has been raised by Rs 30 to Rs 780 a quintal from Rs 750 a quintal.

As per the CCAP recommendation, the CCEA also approved raising mustard and rapeseed MSPs by Rs 20 and safflower by Rs 120 a quintal.

"The prices of other oilseeds belonging to the rapeseed or mustard group will be fixed on the basis of their normal market price differentials with rapeseed or mustard," said the statement.

The prices of other oilseeds belonging to the rapeseed/mustard group will be fixed on the basis of their normal market price differentials with rapeseed / mustard. "In the case of cereals, FCI and other designated State Agencies will continue to provide price support to the farmers, as in the past. NAFED will continue to be the nodal agency for procurement of oilseeds and pulses; and losses, if any, will be fully reimbursed by the Government of India," it added.