What is the absolute increase in Minimum Support Prices of Rabi Crops
21 December 2022, New Delhi: The Indian Government has increased Minimum Support Prices (MSP) of 6 mandated Rabi crops for Rabi Marketing Season (RMS) 2023-24 on the basis of recommendation of Commission for Agricultural Costs & Prices (CACP). The government had also considering the views of State Governments and Central Ministries/Departments before announcing the support prices.
The MSP for wheat now stands at 2125 ₹ per quintal; Barley 1735 ₹ per quintal; Gram 5335 ₹ per quintal; Masur 6000 ₹ per quintal; Rapeseed & Mustard 5450 ₹ per quintal and Safflower 5650 ₹ per quintal. Details of increase in MSP of 6 mandated rabi crops for the last three years and current year is mentioned in table below.
Minimum Support Price (MSP) of mandated Agricultural Crops (MSP in ₹ per quintal)
|Sl. No.||Commodity||2019-20 (MSP in ₹ per quintal)||2020-21 (MSP in ₹ per quintal)||2021-22 (MSP in ₹ per quintal)||2022-23 (MSP in ₹ per quintal)||2020-21 (Increased by)||2021-22 (Increased by)||2022-23 (Increased by)|
|5||RAPESEED & MUSTARD||4425||4650||5050||5450||225||400||400|
The country has witnessed emphatic growth in export of agri and allied commodities. As compared to the year 2015-16, the Agri and allied export has increased from 32.81 billion USD in 2015-16 to 50.24 billion USD in 2021-22 i.e. an increase of 53.1%.
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