Government raises MSP for kharif crops, paddy’s hiked by 7%
Wednesday, 7 June 2023
The government on Wednesday approved an increase in the minimum support price (MSP) of all 14 mandated kharif (summer sown) crops for 2023-24 with paddy, the most popular one in terms of acreage and output, hiked by 7% (Rs 143 per quintal). The MSP for key pulses like moong (green gram) and oilseeds such as sesamum and groundnut were hiked over 10% in a signal to farmers to diversify to not only increase their returns but also reduce India’s dependence on imports to meet domestic requirements.
The government on Wednesday approved an increase in the minimum support price (MSP) of all 14 mandated kharif (summer sown) crops for 2023-24 with paddy, the most popular one in terms of acreage and output, hiked by 7% (Rs 143 per quintal). The MSP for key pulses like moong (green gram) and oilseeds such as sesamum and groundnut were hiked over 10% in a signal to farmers to diversify to not only increase their returns but also reduce India’s dependence on imports to meet domestic requirements.
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