Kharif season MSPs at 1.5 times 'all-India weighted average cost of production' | Latest News India - Hindustan Times
close_game
close_game

Kharif season MSPs at 1.5 times 'all-India weighted average cost of production'

By | Edited by Aryan Prakash
Jun 08, 2022 04:38 PM IST

The highest absolute increase in MSP over the previous year has been recommended for sesamum ( ₹523 per quintal), moong ( ₹480 per quintal) and sunflower seed ( ₹385 per quintal), Jaideep Bhatnagar, director, Press Information Bureau, tweeted.

The Centre on Wednesday approved the minimum support prices for the Kharif marketing season 2022-23, stating that the rates are at least 1.5 times of the weighed average cost of production. 

The Centre on Wednesday approved the minimum support prices for the Kharif marketing season 2022-23
The Centre on Wednesday approved the minimum support prices for the Kharif marketing season 2022-23

"In today's cabinet meeting, MSP of 14 kharif crops was approved," Information and Broadcasting Minister Anurag Thakur told reporters.

Hindustan Times - your fastest source for breaking news! Read now.

The MSP of common grade variety of paddy has been increased to 2,040 per quintal for the 2022-23 crop year from 1,940 in the previous year.

The support price of 'A' grade variety of paddy has been hiked to 2,060 per quintal from 1,960.

Paddy is the main kharif crop, the sowing of which has already begun. The Met department has projected normal monsoon for the June-September period.

The minister also highlighted several programmes launched during the last eight years by the Modi government to boost farmers' income and ensure comprehensive growth of the farm sector.

(With PTI inputs)

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Arvind Kejriwal News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
  • ABOUT THE AUTHOR
    author-default-90x90

    Follow the latest breaking news and developments from India and around the world with Hindustan Times' newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered.

SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On