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 (GradeA)^ A)A||1888||1960||–||72||–|
|Jowar (Hybrid) (Hybrid)||2620||2738||1825||118||50|
|Cotton (Medium Staple)||5515||5726||3817||211||50|
|Cotton (Long Staple)^||5825||6025||–||200||–|