National News

Kharif crop MSP hikes

June 14 , 2023 1223 days 1169 0

The Centre has set the Minimum Support Price (MSP) for paddy sown in the kharif or monsoon season at ₹2,183 per quintal.
It is a hike of ₹143 per quintal in comparison to last year.
The 2023-24 MSPs for 17 kharif crops and variants were approved at a meeting of the Cabinet Committee on Economic Affairs (CCEA).
The MSP for moong is ₹8,558 per quintal, an increase of ₹803 from last year.
This is one of the highest increases among kharif crops.
The MSP for tur or arhar has been set at ₹7,000 per quintal.
It is estimated to be 58% above the cost of production.