The Telegraph
Thursday , June 26 , 2014
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Paddy support price up

New Delhi, June 25: The government today hiked the minimum support price (MSP) of paddy by Rs 50 per quintal to Rs 1,360. The marginal increase takes into account the rise in input prices but fails to satisfy the demands of the farmer lobby. Officials said the government went in for a small hike to control food prices.

MSP for pulses was raised by up to Rs 100 per quintal. The support price of tur and urad was raised by Rs 50 to Rs 4,350 a quintal, while moong MSP was hiked by Rs 100 to Rs 4,600 a quintal.

These prices, which will be used by all central and state agencies buying crops from farmers, will hold for kharif produce for the 2014-15 crop year (July-June).

“In view of the possibility of a below-normal monsoon, the government has gotten into action and taken several steps to control prices. We have accepted the recommendation of the CACP (Commission for Agricultural Costs and Prices) in toto. We have given the best possible deal to the farmers,” law and telecom minister Ravi Shankar Prasad told reporters after a meeting of the Cabinet Committee on Economic Affairs (CCEA).

Paddy MSP of Grade A variety has been raised by Rs 55 to Rs 1,400 a quintal. Paddy is a major kharif crop, the sowing of which starts with the onset of the monsoon in June.

MSP for cotton has been increased by Rs 50 per quintal to Rs 3,750 for the medium staple, and to Rs 4,050 for the long variety.

In the oilseeds category, the CCEA announced an increase of Rs 50 in the support price of sunflower seed to Rs 3,750 a quintal. MSPs of sesamum and niger seed have been raised by Rs 100 each to Rs 4,600 and Rs 3,600 a quintal, respectively.

The cabinet also approved a hike in jowar MSP by Rs 30 to Rs 1,530 a quintal for the hybrid variety and to Rs 1,550 a quintal for the maldandi variety.