NEW DELHI(Commodity Online): India’s Cabinet Committee on Economic Affairs(CCEA), the high-power ministerial group, on Tuesday approved the MSP (Minimum Support Price) for Rabi Crops of 2011-12 season to be marketed in 2012-13.
The MSP of Wheat has been fixed at Rs.1285 per quintal marking an increase of Rs.165 per quintal over the last year’s MSP. The MSP of Barley has been raised by Rs.200 per quintal and fixed at Rs.980 per quintal.
The MSP of gram and Masur (Lentil) has been fixed at Rs.2800 per quintal each marking an increase of Rs.700 per quintal and Rs.550 per quintal respectively over their last year’s MSPs.
The MSPs of rapeseed/mustard and safflower have been increased by Rs.650 per quintal and Rs.700 per quintal respectively over the last year’s MSPs and have been fixed at Rs.2500 per quintal each.