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Cabinet hikes in minimum support price of Kharif crops


June 14, 2012 - New Delhi

The Cabinet Committee on Economic Affairs (CCEA) today decided to increase the Minimum Support Price for the 2012-13 Kharif season for various foodgrains.

Briefing media on the decisions taken at the meeting, Union Home Minister P. Chidambaram said the price of paddy has been raised from one thousand 80 to one thousand 250 per quintal.

The MSP of paddy has been fixed at Rs.1250 per quintal and of Paddy (Grade A) at Rs.1280 per quintal, which represents an increase of Rs.170 per quintal over the last year's MSPs.

The MSPs of Jowar (Hybrid) and ragi have been raised to Rs.1500 per quintal providing an increase of Rs.520 and Rs.450 per quintal respectively. The MSPs of bajra and maize each have been raised by Rs.195 per quintal and fixed at Rs.1175 per quintal each. The MSP of jowar (Maldandi) has also been raised by Rs.520 per quintal over the last year's MSP and fixed at Rs.1520 per quintal.

The MSP of Urad has been raised from Rs.3300 per quintal to Rs.4300 per quintal.

The MSPs of groundnut-in-shell, sunflowerseed, sesamum and nigerseed have been increased by Rs.1000, Rs.900, Rs.800 and Rs.600 per quintal over the last year's MSPs and have been fixed at Rs.3700, Rs.3700, Rs.4200 and Rs.3500 per quintal, respectively.

The MSPs of soyabean (Black) and soyabean (Yellow) have been increased by Rs.550 per quintal each over the last year's MSPs and fixed at Rs.2200, Rs.2240 per quintal respectively.

MSP of cotton (medium staple) has been raised from Rs.2800 to Rs.3600 per quintal and cotton (long staple) has been raised from Rs.3300 to Rs.3900.

ANI

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