Page 7 - Minimum Support Price

Cabinet approves increase in MSP for all mandated Rabi crops for 2022-23

Oilseeds and pulses get higher MSP raise; MSP for wheat upped by 2%; barley 2.2%, gram 2.5%

Govt hikes wheat MSP by Rs 40 to Rs 2,015 per quintal for 2021-22 crop year

The government on Wednesday hiked the minimum support price for wheat by Rs 40 to Rs 2,015 per quintal and for mustard seed by Rs 400 to Rs 5,050 per quintal for the current crop year.

Govt procures record 89-mn tonnes of paddy for Rs 1.68 trn so far this year

The government has so far procured nearly 890 lakh tonnes of paddy, an all-time high, at MSP in the current marketing year ending September for around Rs 1.68 lakh crore.

Cabinet approves new palm oil mission with MSP-type benchmark assured price

The decision comes after Prime Minister Narendra Modi announced the new central scheme on August 15 during his Independence Day speech at Red Fort.

Govt procures record 43.33 MT wheat in 2021-22 rabi marketing season

The government has procured record 43.33 million tonne of wheat in the 2021-22 rabi marketing season, the Food Ministry said on Monday. Wheat marketing season is from April to March, but bulk of procurement is normally done in the first 3-4 months. The previous record was 38.99 million tonne (MT) in the 2020-21 rabi marketing season. "Hitting an all-time high, 43.33 million tonne of wheat has been procured from most of the wheat procuring states after conclusion of current marketing season 2021-22," the ministry said in a release. About 49.15 lakh farmers have already benefitted from the current procurement operations with an MSP (minimum support price) value of Rs 85,581.39 crore, it said. However, procurement of paddy grown in the kharif season of 2020-21 is still continuing. Kharif paddy is procured between October and September. The ministry said paddy buying is continuing smoothly and so far 86.98 million tonne of paddy has been purchased as against 75.92 million tonne in th

MSP increase not enough to make farmers shift from paddy and wheat

Wheat and paddy farmers unlikely to shift to water-thrifty crops without better return

Govt cheated farmers on Kharif MSP, says Congress

The Congress on Thursday said that farmers have been cheated again as the MSP doesn't give the price equivalent to the input cost

Govt hikes kharif MSP by up to Rs 452/quintal, maximum in pulses, oil seeds

Centre seeks to encourage farmers to move away from paddy to these crops as their domestic output is low and global prices have surged

Govt buys record 418.47 lakh tn wheat at MSP for Rs 82,648 cr this year

The Centre on Wednesday said it has procured a record 418.47 lakh tonnes of wheat so far in the current marketing year that started in April, costing exchequer Rs 82,648 crore. The record procurement of wheat has been achieved amid farmers' protests at Delhi borders since late November 2020. Farmer unions are demanding a repeal of three new farm laws and a legal guarantee of the Minimum Support Price (MSP). The Rabi marketing season (RMS) 2021-22 runs from April to March but the bulk of the procurement gets completed by June. "Procurement of Wheat in ongoing RMS 2021-22 is continuing smoothly in the procuring states of Uttar Pradesh, Bihar, Rajasthan, Gujarat, Himachal Pradesh and Jammu & Kashmir at MSP, as was done in previous seasons," an official statement said. Till June 8, the government has purchased 418.47 lakh tonnes of wheat as against 373.22 lakh tonnes in the corresponding period of the previous year. "About 46 lakh farmers have already been benefitted from the ongoing

Govt buys record wheat crop of over 40 mn tonnes at MSP for Rs 79,088 cr

The Centre on Friday said it has procured a record 400.45 lakh tonnes of wheat in the current marketing year that started in April, costing exchequer Rs 79,088 crore. The record procurement of wheat has been achieved amid farmers' protests at Delhi borders since late November 2020. Farmer unions are demanding a repeal of three new farm laws and a legal guarantee of the Minimum Support Price (MSP). Procurement of Wheat in ongoing RMS (Rabi Marketing Season) 2021-22 is continuing smoothly in Uttar Pradesh, Madhya Pradesh, Bihar, Rajasthan, Gujarat, Himachal Pradesh, and Jammu & Kashmir at MSP, as was done in previous seasons. Till May 27, a quantity of 400.45 lakh tonnes of wheat has been procured as against 353.09 lakh tonnes in the year-ago period. "About 42.36 Lakh farmers have already been benefitted from the ongoing RMS procurement operations with MSP value of Rs. 79,088.77 Crore," an official statement said. The procurement has exceeded the previous high of 389.92 lakh tonnes

Best of BS Opinion: Redeeming India, dual regulation is bad, and more

Here are the best of Business Standard's opinion pieces for Thursday

Results of reforms

Direct payment for crops will benefit farmers

Ahead of kharif sowing season, govt allows free import of 3 types of pulses

Move aimed at controlling the spiralling prices of pulses; all consignments have to come by Nov 30, before the new local crops arrive

Chana prices fall below MSP in several major mandis: Check details here

Chana production is expected to be over 11.6 million tonnes this year

Adityanath govt to buy wheat directly from farmers from April 1-June 15

The Yogi Adityanath government in Uttar Pradesh will purchase wheat directly from farmers from April 1 to June 15 under the Minimum Support Price Scheme

Cabinet mulls hiking minimum support price for procuring raw jute

The Union Cabinet is believed to have considered a proposal to raise the support price for procuring raw jute during its meeting on Wednesday, according to sources.

States pull out a stock of sops and promises to woo the disgruntled farmer

What's on offer: Separate agricultural budgets, free water, stepped up direct transfers and a lot more

Govt MSP purchases chiefly driven by poor market prices the past few years

In other words, it is political compulsion, not political expediency, that has prompted the Centre to lift higher quantities of grain, pulses and other farm commodities

The twists and turns of the farm laws

While most of these need-based measures were mooted by the Swaminathan Commission, these were incorporated into the country's first-ever National Policy for Farmers, brought out by the UPA in 2007

E-payment of MSP will not affect 'arthiyas' of Punjab, Haryana: Govt

In Punjab and Haryana, the Centre and state agencies procure their quota of foodgrain largely through a network of mandis and middlemen