Cabinet approves MSP for Rabi marketing season 2022-23

Cabinet approves MSP for Rabi marketing season 2022-23
Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the Minimum Support Prices (MSP) for all mandated Rabi crops for Rabi Marketing Season (RMS) 2022-23

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved the Minimum Support Prices (MSP) for all mandated Rabi crops for Rabi Marketing Season (RMS) 2022-23.

MSPs for all Rabi crops for marketing season 2022-23  (In Rs./quintal)

Crops MSP for RMS 2021-22 MSP for RMS 2022-23 Cost* of production 2022-23 Increase in MSP (Absolute)
Wheat 1975 2015 1008 40
Barley 1600 1635 1019 35
Gram 5100 5230 3004 130
Lentil (Masur) 5100 5500 3079 400
Rapeseed &

Mustard

4650 5050 2523 400
Safflower 5327 5441 3627 114

*Refers to comprehensive cost which includes all paid-out costs such as those incurred on account of hired human labour, bullock labour, machine labour, rent paid for leased in land, expenses incurred on use of material inputs like seeds, fertilisers, manures, irrigation charges, depreciation on implements and farm buildings, interest on working capital, diesel and electricity for the operation of pump sets, miscellaneous expenses and imputed value of family labour.

Engage with us on Telegram, Twitter, Linkedin and Facebook.
Read more: CCEA approves Rs 5 hike in fair and remunerative price of sugarcane for SS 2021-22
Share on

Leave a Reply

Your email address will not be published.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

32 − = 26