Odisha

MSP For Kharif Paddy Increased To Rs 1,868 Per Quintal In India

By
OB Bureau

New Delhi: The Central government on Monday increased the minimum support price (MSP) of kharif paddy by Rs 53 per quintal to Rs 1,868 per quintal for 2020-21 crop year.

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi approved the increase in the MSPs for all mandated kharif crops for 2020-21 marketing season.

In an official statement, the government said the MSP of Grade A variety of paddy has been increased to Rs 1,888 per quintal this year from the last year’s 1,835. The increase in MSP for kharif crops is in line with the Union Budget 2018-19 announcement of fixing the MSPs at a level of at least 1.5 times of the all-India weighted average Cost of Production (CoP), it added.

The highest increase in MSP has been made for nigerseed (Rs 755 per quintal) followed by sesamum (Rs 370), urad (Rs 300) and cotton (long staple) (Rs 275).

The support price of cotton (medium staple) has been increased by Rs 260 per quintal to Rs 5,515 from Rs 5,255 per quintal last year. Similarly, cotton (long staple) will now cost Rs 5,825 per quintal from Rs 5,550 per quintal. It is expected to benefit the farmers of rain-fed areas in Odisha, particularly Kalahandi district.

The decision, taken by the Cabinet headed by Prime Minister Narendra Modi, will help farmers take a call on which kharif (summer) crop to grow as sowing picks up with the arrival of southwest monsoon.

 

OB Bureau

Recent Posts

Odisha CM Directs To Supply 3 Months’ PDS Rice To Beneficiaries In Advance

Bhubaneswar: Odisha Chief Minister on Tuesday issued direction to provide rice of three months' quota…

November 5, 2024

[Watch] Salman Khan Shoots For ‘Sikander’ In Falaknuma Palace Amid Tight Security

Mumbai: In the wake of a fresh death threat by the Lawrence Bishnoi gang, actor…

November 5, 2024

Bachchan Family Upset With Nimrat Kaur, To Take Action Against Source Of Rumour

Mumbai: Rumours about Abhishek Bachchan and Aishwarya Rai’s divorce have been doing the rounds for…

November 5, 2024

Surge In Patients With Respiratory Issues In Delhi Hospitals

New Delhi: Hospitals across Delhi are witnessing a spike in the number of patients with…

November 5, 2024

ISKCON Cancels ‘Untimely’ Rath Yatra In Houston

Bhubaneswar: Facing a strong opposition from the devotees of Lord Jagannath and Puri Gajapati Maharaja…

November 5, 2024

[Watch] Is Abhishek Bachchan’s ‘I Want To Talk’ Similar To Dad Amitabh’s ‘Piku’?

Mumbai: The trailer of the highly-anticipated Abhishek Bachchan starrer ‘I Want to Talk’ was unveiled…

November 5, 2024

One Killed, Two Injured In Mukhyamantri Bus-Bike Collision In Odisha’s Ganjam

Berhampur: One person was killed and two others were injured in a collision between a…

November 5, 2024

Raveena Tandon’s Daughter To Debut With Ajay Devgn’s Nephew

Mumbai: Bollywood actress Raveena Tandon’s beautiful daughter Rasha Thadani is all set to make her…

November 5, 2024