New Delhi: Amid unrest among farmers for multiple reasons in different states, the Center has increased the minimum support price (MSP) of pulses, oil-seeds and cotton for the 2017-18 crop year and asked states to procure it by all means so that the farmers are not forced to sell it at low prices. Idea of this move is to provide remunerative prices to farmers when the prices are under pressure due to supply glut.
The maximum hike in the MSP is fixed for pulses whose output is estimated to be a record 22.40 million tonnes (MT) in the 2016-17 crop year ending June, as against 16.35 MT in 2015-16. The record production was attributed to good monsoon, higher MSP and better procurement arrangement.
The MSP of tur (arhar) is increased from Rs 5,050 per quintal (including bonus) in 2016-17 to Rs 5,450 per quintal (including Rs 200 bonus) in 2017-18 -- a hike of 400 per quintal. Read More.....
The maximum hike in the MSP is fixed for pulses whose output is estimated to be a record 22.40 million tonnes (MT) in the 2016-17 crop year ending June, as against 16.35 MT in 2015-16. The record production was attributed to good monsoon, higher MSP and better procurement arrangement.
The MSP of tur (arhar) is increased from Rs 5,050 per quintal (including bonus) in 2016-17 to Rs 5,450 per quintal (including Rs 200 bonus) in 2017-18 -- a hike of 400 per quintal. Read More.....