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CCEA hikes Minimum Support Price of wheat and pulses

CCEA hikes Minimum Support Price of wheat and pulses
16 November 2016 Current Affairs: The Cabinet Committee on Economic Affairs (CCEA) has hiked the Minimum Support Price (MSP) of wheat and pulses to boost the output of these rabi crops and check prices. The MSP of wheat was hiked by 100 rupees per quintal for the 2016-17 rabi crop. The procurement cost of wheat will be 1,625 rupees per quintal against 1,525 rupees per quintal last year. The support price on Barley has been increased to 1,325 rupees from 1,225 rupees per quintal.

Masur: It has been raised to 3,950 rupees per quintal from 3,400 rupees.

Mustard and safflower: MSP have been hiked to 3,700 rupees per quintal each.

Gram: It has been raised to 4,000 rupees per quintal including bonus, from 3,500 rupees per quintal.

To incentivise cultivation of pulses and oilseeds, CCEA also announced a bonus on these crops over and above MSP.

Minimum Support Price (MSP) :  MSP is a form of agricultural market intervention undertaken by the Union Government in order to insure agricultural producers are protected against any sharp fall in farm prices. It is announced for certain crops by the Union Government prior to the sowing season. The prices are decided by CCEA on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).


March 2017 Current affairs
28 MAR
NEWS
27 MAR
NEWS
25 MAR
NEWS
24 MAR
NEWS
23 MAR
NEWS
22 MAR
NEWS

February 2017 Current affairs
28 FEB
NEWS
27 FEB
NEWS
25 FEB
NEWS
24 FEB
NEWS
23 FEB
NEWS
22 FEB
NEWS




January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
NEWS
27 DEC
NEWS
26 DEC
NEWS

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS



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