Good News for Farmers!!!! Prior to Budget Cabinet Approves Hike in MSP for All Sixteen Kharif Crops

Date & Time: 2019-07-05 05:25:52

Government said the hike in MSP (minimum support prices) for kharif crops, approved by the Cabinet Committee on Economic Affairs (CCEA), is in line with offering farmers 1.5 times the cost of production. The highest percentage return to growers over their cost of production is for millet (85 percent), urad (64 percent) & tur (60 percent). The support price of rice common variety increases from Rs 1,750 / quintal to Rs 1,815 and higher quality ‘Grade A’ variety goes up from Rs 1,770 to Rs 1,835 / quintal.