Punjab chief minister Parkash Singh Badal had demanded a hike of `500 per quintal for wheat in the next rabi season of 2015-16 to `1,950 per quintal from `1,450 per quintal minimum support price (MSP) in the current season.
Approving the recommendations of state agricultural department, he asked the centre to fix the MSP for the crops of rabi season 2015-16 in accordance with the prevalent cost of the inputs in market.
A spokesperson said the CM had asked the agriculture director write to the member secretary of the Commission for Agriculture Costs and Prices (CACP) to streamline the policy regarding the marketing of rabi crops 2015-16.
"Keeping in view the steep hike in the input costs of agricultural commodities the need of the hour was to fix the prices of the Rabi crops accordingly," the CM said.
The spokesperson pointed out that in order to fix the estimated cost of the wheat crop for 2015-16, the market price of the various inputs like seeds, fertilizers, insecticides, pesticides, irrigation and labour have been kept in mind along with various other factors including the marketing expenditure and weather risks. In the same manner, the CM emphasised that the union government must fix the MSP of other crops like barley, gram and mustard at `1,640, `3,800 and `3,600 per quintal, respectively.