The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved the revised Minimum Support Prices (MSP) for all Kharif crops for 2018-19 Season.
The Commission for Agricultural Costs and Prices (CACP) had recommended MSPs for all Kharif crops broadly in line with the announced principle.
The Minimum Support Prices (MSPs) for all Kharif crops of 2018-19 season have been revised as follows:
|Commodity||Variety||MSP for 2017-18 Season||MSP approved for 2018-19 Season||Increase|
The increase in the MSPs of Nigerseed at Rs.1827 per quintal, moong by Rs.1400 per quintal, sunflower seed by Rs.1288 per quintal and cotton by Rs.1130 per quintal is unprecedented.
Amongst cereals and nutri cereals, in terms of absolute increase, MSP of paddy (common) has been raised by Rs 200 per quintal, jowar (hybrid) by Rs 730 per quintal and ragi by Rs 997 per quintal. The highest percentage increase in MSP over the previous year is for ragi (52.47%) followed by jowar hybrid (42.94%). For pulses, apart from Moong, MSP of arhar (tur) has been raised by Rs 225 per quintal and urad by Rs 200 per quintal. Similarly, the MSP of Bajra has been raised by Rs.525 per quintal.
Food Corporation of India (FCI) and other designated state agencies would continue to provide price support to the farmers in the case of cereals including nutri-cereals. National Agricultural Cooperative Marketing Federation of India (NAFED), FCI, Small Farmers Agri -Business Consortium (SFAC) and other designated Central agencies would continue to undertake procurement of pulses and oilseeds. Cotton Corporation of India (CCI) will be the central nodal agency for undertaking price support operations for cotton.