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LATEST NEWS UPDATES | Amid protests, Centre hikes minimum support price for rabi crops -Priscilla Jebaraj

Amid protests, Centre hikes minimum support price for rabi crops -Priscilla Jebaraj

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published Published on Sep 8, 2021   modified Modified on Sep 9, 2021

-The Hindu

The Centre has increased the minimum support price (MSP) for wheat for the upcoming rabi season to 2,015 per quintal, a 2% hike from the 1,975 per quintal rate of last year.

Oilseeds and pulses such as mustard, safflower and masoor dal saw higher MSP increases of up to 8% in a bid to encourage crop diversification, according to a statement on the decision of the Cabinet Committee on Economic Affairs on Wednesday.

The MSP is the rate at which the government purchases crops from farmers. Currently, rates are fixed for 23 crops, including six crops during the upcoming rabi or winter season for which sowing will begin in October.

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The Hindu, 8 September, 2021, https://www.thehindu.com/business/Industry/amid-protests-centre-hikes-minimum-support-price-for-rabi-crops/article36357984.ece


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