Who: Minimum Support Prices of Rabi Crops 2015-16 season
What: Hiked by CCEA
When: 5 November 2015
The Cabinet Committee on Economic Affairs (CCEA) on 5 November 2015 hiked the Minimum Support Prices (MSPs) for Rabi Crops of 2015-16 season to be marketed in 2016-17.
The decision was based on recommendations of Commission for Agricultural Costs and Prices (CACP) for the price policy for rabi crops for the marketing season 2016-17.
The Cabinet also decided to give a bonus of 75 rupees per quintal for rabi pulses over and above the recommendations of the CACP.
|Commodity||MSP for 2014-15 season (Rupees per quintal)||MSP for 2015-16 season (Rupees per quintal)||Increase in MSP (Rupees)|
The prices would be effective from the Rabi marketing season 2016-17. The Food Corporation of India (FCI) will be the Central Nodal Agency for procurement of pulses and oilseeds.
To supplement the efforts of FCI, the National Agricultural Cooperative Marketing Federation of India Limited (NAFED), National Cooperative Consumers’ Federation (NCCF), Central Warehousing Corporation (CWC) and Small Farmers Agri–Business Consortium (SFAC) may also undertake procurement of oilseeds and pulses as per their capacity.
About Commission for Agricultural Costs and Prices (CACP)
The Commission came into existence in January 1965 with the mandate to recommend MSPs to incentivize the cultivators to adopt modern technology and raise productivity in line with the emerging demand patterns in the country.
CACP recommends MSPs of 23 commodities including 7 cereals (paddy, wheat, maize, sorghum, pearl millet, barley and ragi), 5 pulses (gram, tur, moong, urad, lentil), 7 oilseeds (groundnut, rapeseed-mustard, soyabean, seasmum, sunflower, safflower, nigerseed) and 4 commercial crops (copra, sugarcane, cotton and raw jute).
It comprises a Chairman, Member Secretary, one Member (Official) and two Members (Non-Official).