Support price of paddy hiked by Rs 60 to Rs 1,310 per quintal
New Delhi: Amid expectations of normal rain, the government on Thursday approved a hike of Rs 60 in paddy support price (MSP) to Rs 1,310 per quintal in order to encourage farmers to grow more in the ongoing kharif season.
The government also increased the minimum support price (MSP) of pulses and oilseeds by up to Rs 450 and Rs 320 per quintal, to boost ouput and reduce import dependence.
"The Cabinet Committee on Economic Affairs (CCEA) has approved MSPs of kharif crops for 2013-14 crop year (July-June) as proposed by the Agriculture Ministry," a source said after the CCEA meeting here.
While MSP for common paddy has been raised to Rs 1,310 from Rs 1,250 per quintal, the support price of grade `A` variety of paddy has been hiked by Rs 65 to Rs 1,345/quintal.
Sowing of paddy, the main kharif crop, begins with the onset of monsoon in June and harvesting starts in October.
The normal monsoon forecast by the Met Department for this year, coupled with hike in MSP, is expected to boost paddy area and productivity.
In 2012, there was drought in four states leading to fall in foodgrains production by four million tonnes to little over 255 million tonnes.
CCEA also approved Rs 100 hike in cotton MSP to Rs 3,700 per quintal (medium staple) and Rs 4,000 per quintal (long staple).
In pulses category, the MSP of tur has been raised by Rs 450 to Rs 4,300 per quintal, while that of moong by Rs 100 to Rs 4,500 per quintal.
The ministry had recommended no change in urad MSP at Rs 4,300 per quintal for this year.
In the oilseeds category, CCEA approved a hike of Rs 300 in the MSP of soyabean (black) to Rs 2,500 a quintal; Rs 320 rise in MSP of soyabean (yellow) to Rs 2,560 per quintal.
The MSP of sesamum stands increased by Rs 300 per quintal at Rs 4,500. The support prices of sunflower seed and nigerseed have been kept unchanged at Rs 3,700 per quintal and Rs 3,500 per quintal, respectively.
More from India
More from World
More from Sports
More from Entertaiment
- Reservation issue: Police register case against Bainsla, 20 others
- Zee Media exclusive chat with 'Welcome to Karachi' cast
- Zee Media exclusive interview with Haryana CM Manohar Lal Khattar
- UP Minister allegedly threatens, abuses Gonda businessman
- Manali: Heavy corruption found in environmental taxes
- Aapke Sitare: Astro prediction for May 24, 2015
- Watch: Fast N Facts @ 7:30pm
- Five unmanned parachutes spotted over Mumbai airport
- UP: Jammu-bound Muri Express derails in Kaushambi
- One year of Modi govt: How satisfied is the common man?
- Jaipur girl Mini Rajpal wins Miss India Deaf 2015!
- Mumbai architecture creates double decker bus from scrap!
- One year of Modi govt: How satisfied is the common man? Part-2
- Dawood's intercepted phone calls prove yet again he is in Pakistan
- CBSE Board Class 12th Exam Results 2015 declared
- IPL 2015 Final: MI vs CSK - As it happened...
- CBSE.nic.in 12th XII Results 2015: CBSE Board (cbseresults.nic.in) Class 12th XII Exam Results 2015 to be announced on May 25
- Heatwave continues in North India; death toll in Andhra Pradesh, Telangana more than 400
- IPL 2015 final: Mumbai Indians thrash Chennai Super Kings by 41 runs to lift second title
- LIVE - Cbse.nic.in & cbseresults.nic.in Class 12th XII Results 2015: CBSE Board Class 12th XII Exam Results 2015 to be announced shortly
- Check cbseresults.nic.in for CBSE Class 12 result 2015
- Heatwave claims over 550 lives so far, Delhi saw hottest day
- Kejriwal completes 100 days in office, AAP says centre 'shadow boxing' over row with LG
- Online filing of applications for UPSC civil services exam begins
- Not just today, Muslims feeling alienated since 1947: Najma Heptulla
- Cbse.nic.in & cbseresults.nic.in Class 12th XII Results 2015: CBSE Board Class 12th XII Exam Results 2015 declared
- Mathura rally: PM Modi slams 'corrupt' UPA regime, lauds NDA govt's efforts in past one year
- CBSE Class 12 results out: Here's how you can check
- Two dead, over 100 injured as Muri Express derails in UP; Prabhu announces Rs 2 lakhs ex-gratia for kin of dead
- Pakistan criticizes Defence Minister Parrikar's terrorism remarks