Business Standard

Page 3 - Minimum Support Price

Proposal in works to buy 100K tonnes of maize at minimum support price

Broad contours of the purchase plan have been discussed

Proposal in works to buy 100K tonnes of maize at minimum support price
Updated On : 07 Dec 2023 | 11:20 PM IST

Delhi's AQI 'very poor' at 388 on Friday, Grap-3 rules to continue

Delhi Minister for Environment Gopal Rai on Thursday said that the city's air quality is expected to improve in the next two to three days

Delhi's AQI 'very poor' at 388 on Friday, Grap-3 rules to continue
Updated On : 24 Nov 2023 | 9:15 AM IST

Chhattisgarh Assembly elections: Sops cast a shadow on paddy sale

Even as 15 days have passed since the state government started procurement at minimum support price (MSP), just about 400,000 tonnes of paddy has reached the centres

Chhattisgarh Assembly elections: Sops cast a shadow on paddy sale
Updated On : 17 Nov 2023 | 4:14 PM IST

Maximising the minimum: A look at MSP promises in poll-bound states

Ensuring central procurement of surplus grains purchased by announcing hefty bonuses over the MSP is tricky

Maximising the minimum: A look at MSP promises in poll-bound states
Updated On : 15 Nov 2023 | 10:33 PM IST

Onion Price Today: Azadpur mandi price falls, no relief in retail prices

The wholesale price of onions in Azadpur Mandi plunged to Rs 30-40 per kg. No relief in retail prices in Delhi NCR so far, but the government is selling onions at subsidised prices

Onion Price Today: Azadpur mandi price falls, no relief in retail prices
Updated On : 02 Nov 2023 | 11:04 AM IST

Cabinet hikes DA by 4% for central govt employees; MSP hiked for 6 crops

The DA hike, effective from July 1, 2023, will lead to enhanced salaries for the month of November, along with arrears for the period from July to October

Cabinet hikes DA by 4% for central govt employees; MSP hiked for 6 crops
Updated On : 18 Oct 2023 | 3:56 PM IST

Govt raises kharif crop prices as Modi woos farmers ahead of election

The government raised the cotton purchase price by nearly 9% to 6,620 rupees per 100 kg, also the highest increase in five years

Govt raises kharif crop prices as Modi woos farmers ahead of election
Updated On : 07 Jun 2023 | 6:20 PM IST
Updated On : 07 Jun 2023 | 3:31 PM IST

Wheat procurement breaches 26 MMT mark; surpasses last year's by 7.4 MMT

The ministry further added that 2.127 million farmers have already benefitted from the ongoing wheat procurement operations with a Minimum Support Price (MSP) outflow of about Rs. 47,000 crores

Wheat procurement breaches 26 MMT mark; surpasses last year's by 7.4 MMT
Updated On : 01 Jun 2023 | 5:25 PM IST

SEA demands government intervention as mustard prices drop below MSP

Expressing concern over rape-mustard seed rates falling below the minimum support price (MSP), edible oil industry body SEA on Tuesday demanded the government commence procurement and restrict imports of refined palm oil as part of steps to arrest the price drop. Solvent Extractors Association of India (SEA), in a representation to both food and commerce secretaries, said mustard seed prices in the wholesale market yards have crashed below the MSP of Rs 5,450 per quintal and the arrivals are increasing on a daily basis. "Further drop in prices cannot be ruled out," SEA Executive Director B V Mehta said. He also noted that unbridled imports of refined palm oil have led to the collapse in domestic edible oil prices which is impacting the marketing of mustard seed at peak harvest time and causing distress to farmers. "We feel heavy imports of refined palmolein are neither helping our mustard farmer nor the Indian refining industry," he said. To arrest further fall in prices, SEA has

SEA demands government intervention as mustard prices drop below MSP
Updated On : 28 Feb 2023 | 5:56 PM IST

Congress adopts resolution on making MSP for crops a legal right of farmers

The Congress on Sunday resolved to make minimum support price for crops a legally enforceable right of farmers with any purchase of agricultural produce below it a punishable offence. The party also said no criminal proceedings will be initiated against farmers over debt and no land will be auctioned to recover outstanding loans. The party, in a resolution on farmers and agriculture adopted at its 85th plenary session here, also resolved to provide one-time immediate relief to farmers from indebtedness by bringing a debt waiver scheme to waive up to Rs 6 lakh each farmer. "The Indian National Congress resolves that MSP (minimum support price) should be a legally enforceable right of the farmers. Purchase of agricultural produce below MSP be made a punishable offense," the party said. "MSP should be calculated based on the C-2 cost plus 50 per cent profit as suggested by the Swaminathan Commission and subsequently recommended in the report of the Group of Chief Ministers headed by t

Congress adopts resolution on making MSP for crops a legal right of farmers
Updated On : 26 Feb 2023 | 8:27 PM IST

Congress promises MSP with legal guarantee under Swaminathan panel

The Congress on Sunday promised farmers will be given minimum support price (MSP) with legal guarantee under C2 formula of M.S. Swaminathan Commission

Congress promises MSP with legal guarantee under Swaminathan panel
Updated On : 26 Feb 2023 | 7:43 PM IST

Government has sold 1.8 mn Tonnes wheat in open market to scale down prices

Food Corporation of India (FCI) has sold 1.805 million metric tonnes of wheat in the open market through three e-auctions till date

Government has sold 1.8 mn Tonnes wheat in open market to scale down prices
Updated On : 24 Feb 2023 | 6:02 PM IST

Wheat crop in good condition; govt's wheat procurement to be normal: FCI MD

Wheat crop is in good condition and the government's procurement would be normal at 300-400 lakh tonne in the 2023-24 marketing year starting March, FCI Chairman and Managing Director Ashok K Meena said on Thursday. "Area sown to wheat is higher than last year. The current condition of wheat crop is very good. Our procurement should be normal at 300-400 lakh tonne in 2023-24," Meena said in a press conference. The wheat procurement had declined last year due to a fall in domestic production and higher exports, he said. Asked whether there would be any impact on wheat crop due to rise in temperature, as forecast by the Met Department, Meena said it is unlikely to have any impact and the short duration crop will not be affected. The government has projected a record wheat production at 112.18 million tonne in the 2023-24 crop year (July-June) as per the second estimate of the agriculture ministry. Last year, wheat procurement for the central pool had declined to 187.92 lakh tonne fr

Wheat crop in good condition; govt's wheat procurement to be normal: FCI MD
Updated On : 23 Feb 2023 | 10:59 PM IST

Paddy custom milling gains momentum as Chhattisgarh govt changes policy

The state has paid Rs 22,670 crore to 2.4 million registered farmers against the paddy purchased

Paddy custom milling gains momentum as Chhattisgarh govt changes policy
Updated On : 09 Feb 2023 | 4:45 PM IST

Green peas growers in MP stage protest, demand fixed MSP for open market

Farmers engaged in the cultivation of green peas have staged a protest on Jabalpur-Bhopal national highway after getting low prices for their produce and demanded the Madhya Pradesh government fix a minimum support price for it in the open market. The protest staged by farmers on Saturday is significant since the Madhya Pradesh government has selected green peas under one-district one-product scheme for Jabalpur district, Bharatiya Kisan Sangh national spokesperson Raghvendra Patel told PTI on Sunday. Green peas are grown on a large scale in the district and supplied to various other states, he said. "The farmers want the state government to fix the minimum price for the trading of green peas in the open market, he said. This has been a long pending demand of farmers from the district, he said. Currently, in the absence of such norms, farmers incur losses in the production of green peas if the rate per kilogram goes down in the open market - below the actual production cost per kg

Green peas growers in MP stage protest, demand fixed MSP for open market
Updated On : 25 Dec 2022 | 11:51 AM IST

Kharif season 2022-23: Paddy procurement gathers pace in Chhattisgarh

The Bhupesh Baghel government is paying a bonus to the farmers under the Rajiv Gandhi Nyay Yojana and facilitating them to get Rs 2,500 for a quintal of yield

Kharif season 2022-23: Paddy procurement gathers pace in Chhattisgarh
Updated On : 08 Dec 2022 | 4:51 PM IST

Nafed buys 24,000 tonnes moong so far under price support scheme

The government has procured 24,000 tonnes of green gram (moong) under the Price Support Scheme (PSS) so far this crop year, according to a senior agriculture ministry official. PSS, which is under the Agriculture Ministry, is operationalised only when prices of agri-produce fall below the minimum support price (MSP). Cooperative Nafed is undertaking procurement on behalf of the central government. The ministry has approved procurement of 4,00,000 tonnes of kharif moong in 10 states including Karnataka, Tamil Nadu, Telangana, Chhattisgarh, Haryana, Uttar Pradesh, Gujarat, Odisha and Maharashtra. "So far 24,000 tonnes of moong has been procured, out of which maximum 18,000 to 19,000 tonnes has been procured in Karnataka alone," the ministry official told PTI. The ministry has also given approval for the procurement of 2,94,000 tonnes of urad and 14 lakh tonnes of groundnut crop grown in the 2022-23 Kharif season. However, the procurement couldn't take place as the mandi prices are .

Nafed buys 24,000 tonnes moong so far under price support scheme
Updated On : 02 Dec 2022 | 10:27 PM IST

Punjab farmer leaders submit memorandum to Governor

Several farmer leaders of Punjab on Saturday submitted a memorandum to Punjab Governor Banwarilal Purohit, seeking implementation of their various demands including legally guaranteed minimum support price and withdrawal of the Electricity Amendment Bill. On the call of Samyukta Kisan Morcha (SKM), representatives of 33 farmer bodies in the state also took out a march to mark the second anniversary of their agitation against the now-repealed three farm laws. However, the farmers, who came in large numbers from across the state, took out the march from Gurdwara Amb Sahib in Mohali till the Chandigarh-Mohali border from where a representative of the Punjab Governor accepted a memorandum on his behalf. A heavy police force was deployed at the Chandigarh-Mohali border, said officials. Later, several farmer leaders including Joginder Singh Ugrahan, Harinder Singh Lakhowal and Harmeet Singh Kadian were taken in a bus by the Chandigarh police to Raj Bhavan in the Union Territory for a ...

Punjab farmer leaders submit memorandum to Governor
Updated On : 26 Nov 2022 | 7:48 PM IST

SKM alleges breach of assurance by Centre, to hold marches on Nov 26

The group will also celebrate November 19 as 'Fateh Diwas' to commemorate the repeal of the laws

SKM alleges breach of assurance by Centre, to hold marches on Nov 26
Updated On : 18 Nov 2022 | 12:01 AM IST