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MSP for Rabi crops announced

by BQ News Bureau
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The Cabinet Committee on Economic Affairs (CCEA has approved the increase in the Minimum Support Prices (MSPs) for all mandated Rabi crops for marketing season 2021-22. This increase in MSP is in line with the recommendations of Swaminathan Commission.

The highest increase in MSP has been announced for lentil (Rs. 300 per quintal) followed by gram and rapeseed and mustard (Rs. 225 per quintal) and safflower (Rs. 112 per quintal). For barley and wheat, an increase of Rs.75 per quintal and Rs.50 per quintal respectively has been announced. The differential remuneration is aimed at encouraging crop diversification.

Expected returns to farmers over their cost of production are estimated to be highest in case of Wheat (106 per cent) followed by rapeseed and mustard (93 per cent ), gram and lentil (78 per cent). For barley, return to farmers over their cost of production is estimated at 65 per cent and for safflower, it is 50 per cent.

Support is in the form of MSP as well as procurement.  In the case of cereals, Food Corporation of India (FCI) and other designated state agencies would continue to provide price support to the farmers.

Timely intervention made by the government has led to an all-time record procurement of wheat at about 39 million tonnes for RMS 2020-21. Around 43 lakh farmers benefitted under procurement operations period which is 22 percent higher than the RMS 2019-20.

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