MSP for paddy hiked less than 4% to ₹1,940 per quintal: Cabinet decision
The Hindu
There were slightly higher increases in the MSPs for pulses, oilseeds and coarse cereals
The Centre has hiked the minimum support price for common paddy to ₹1,940 per quintal for the upcoming kharif season, less than 4% higher than last year’s price of ₹1,868. The decision was taken by the Cabinet Committee on Economic Affairs on Wednesday. There were slightly higher increases in the MSPs for pulses, oilseeds and coarse cereals. Tur and urad dal both saw MSPs rise by ₹300, a 5% increase to ₹6,300 per quintal, while the highest absolute increase was for sesamum, whose MSP rose 6.6% to ₹7,307 per quintal. Groundnut and nigerseed saw increases of ₹275 and ₹235 per quintal respectively. However, maize saw a minimal hike of just ₹20 to ₹1,870 per quintal.
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