India approves increase in minimum support price for kharif crops

India’s Cabinet Committee on Economic Affairs has approved the increase in the minimum support prices (MSPs) for all mandated kharif crops for marketing season 2021-22, a government statement said.

It said the highest absolute increase in MSP over the previous year has been recommended for sesamum (Rs. 452 per quintal) followed by tur and urad (Rs. 300 per quintal each). In case of groundnut and nigerseed, there has been an increase of Rs 275 per quintal and Rs 235 per quintal respectively in comparison to last year. The differential remuneration is aimed at encouraging crop diversification.

Minimum support prices for all kharif crops for marketing season 2021-22 are as follows:

Crop MSP 2020-21 MSP 2021-22 Cost* of production 2021-22 (Rs/quintal) Increase in MSP(Absolute) Return over cost (in per cent) 
Paddy (Common) 1868 1940 1293 72 50 
Paddy (GradeA)^ A)A 1888 1960 – 72 – 
Jowar (Hybrid) (Hybrid) 2620 2738 1825 118 50 
Jowar (Maldandi)^ 2640 2758 – 118 – 
Bajra 2150 2250 1213 100 85 
Ragi 3295 3377 2251 82 50 
Maize 1850 1870 1246 20 50 
Tur (Arhar) 6000 6300 3886 300 62 
Moong 7196 7275 4850 79 50 
Urad 6000 6300 3816 300 65 
Groundnut 5275 5550 3699 275 50 
Sunflower Seed 5885 6015 4010 130 50 
Soyabean (yellow) 3880 3950 2633 70 50 
Sesamum 6855 7307 4871 452 50 
Nigerseed 6695 6930 4620 235            50 
Cotton (Medium Staple) 5515 5726 3817 211 50 
Cotton (Long Staple)^ 5825 6025 – 200 – 

Leave a Reply

Your email address will not be published. Required fields are marked *