Modi Govt annonce rabi crop MSP Wheat Chana Mustard Barley Masur Minimum Support Price | Modi government announced MSP for Rabi crops, increased the support price of wheat to Rs 2015 per quintal

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Modi Govt annonce rabi crop MSP Wheat Chana Mustard Barley Masur Minimum Support Price

New Delhi. The central government has declared the support price (MSP) of rabi crops for the upcoming crop procurement year 2022-23. The government has strongly increased the support price of wheat, mustard, gram, lentil and barley. The support price of wheat has been increased by Rs 40 per quintal to Rs 2015 per quintal, which is almost 100 percent more than the cost of wheat (Rs 1008 per quintal). The support price of all other major rabi crops has also increased. The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday decided to increase the MSP of Rabi crops.

According to the information given by the Union Agriculture Ministry, the support price of mustard has been increased by Rs 400 per quintal and for the year 2022-23, now the support price of mustard has increased to Rs 5050 per quintal, which is Rs. Almost 100% more than the cost of production (Rs 2523 per quintal). This effort of the government will help in increasing the production of oilseeds in the country.

Talking about Rabi pulses, the support price of gram and lentil has also increased strongly, the support price of gram has been increased by Rs 130 per quintal and now the MSP of gram has increased to Rs 5230 per quintal. The MSP of lentils has been increased by Rs 400 per quintal to Rs 5500 per quintal.

MSP (Minimum Support Price) is the rate at which the government procures food grains from farmers. At present, the government fixes the MSP for 23 crops grown in both Kharif and Rabi seasons. Sowing of Rabi crops starts from October. Wheat and mustard are the major rabi crops.

According to an official statement, the CCEA has approved the increase in the MSP of six rabi crops. Wheat MSP has been increased by Rs 40 to Rs 2015 per quintal. The MSP of wheat for the 2020-21 crop year was Rs 1975 per quintal. The production cost of wheat has been estimated to be Rs 1008 per quintal. The government has procured a record wheat of over 43 million tonnes during the 2021-22 rabi marketing year.

Modi Govt annonce rabi crop MSP Wheat Chana Mustard Barley Masur Minimum Support Price

Image Source: GDP

Modi Govt annonce rabi crop MSP Wheat Chana Mustard Barley Masur Minimum Support Price

The government has also increased the support price of barley by Rs 35 per quintal and the price has increased to Rs 1635 per quintal, which is almost 60 percent more than the cost of production. The increase in MSP of Rabi crops for the Rabi marketing year 2022-23 is in line with the announcement made in the Union Budget 2018-19. At that time the Finance Minister had announced that the MSP would be kept equal to 1.5 times the all India average cost of production of the crop to provide a fair price to the farmers.

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