Paddy MSP@1815

The new rate of minimum support price (MSP) for paddy was Wednesday marginally hiked by Rs 65 per quintal.

The decision was taken by the Cabinet headed by Prime Minister Narendra Modi.

The new rate of paddy will now be Rs 1815 per quintal for 2019-20 crop year against the existing price of Rs 1750 per quintal.  

The new price has frustrated the farmers in Odisha who have been demanding Paddy MSP at least Rs 2500 per quintal.

The farmers in neighbouring Chhattisgarh are getting Rs 2500 per quintal.

Prominent farmers’ leader Ashok Pradhan of Western Odisha criticized the NDA government for increasing the MSP of paddy by only Rs 65 per quintal.

“It is unfortunate that the Centre raise the Paddy MSP by only Rs 65 per quintal despite getting such a huge mandate in the recently concluded elections,” Mr.Pradhan said.

The Centre on the other hand said the new price will help farmers take a call on which kharif (summer) crop to grow at a time when there has been 33 per cent deficiency in southwest monsoon rains in June, although the Met Department has projected good rains for July and August.

Union Minister Narendra Singh Tomar, however,  said the Centre has increased the MSP of kharif crops for 2019-20 in line with the principle of fixing MSPs at a level which is at least 1.5 times the cost of production, which was announced last year.

Paddy MSP was increased by Rs 200/quintal for the 2018-19 crop year, Mr.Tomar said.

While the MSP for paddy (common grade) has been fixed at 1,815/quintal, grade A paddy price has been hiked to Rs 1,835 for this year.

The paddy MSP fixed is 50 per cent higher than the cost of production at Rs 1,205/quintal, the minister added.

Among cereals, the government increased ragi MSP substantially by Rs 253 to Rs 3,150 from Rs 2,897/quintal last year.

The MSP of jowar has been raised by Rs 120 to Rs 2,550/quintal for hybrid and Rs 2,570 for Maldandi variety.

Maize MSP has been hiked by Rs 60/quintal to Rs 1,760, while that of bajra has been raised by Rs 50/quintal to Rs 2,000 for the current year.

To encourage production of pulses, Mr.Tomar said the MSP of tur has been increased by Rs 125/quintal to Rs 5,800, while that of urad has been raised by Rs 100 to Rs 5,700 and moong by Rs 75 to Rs 7,050.

In order to reduce edible oil imports, the government has increased the MSP of oilseeds crops sharply for this year.

Soyabean (yellow) rate has been hiked by Rs 311/quintal to Rs 3,710 for the current 2019-20 crop year, while that of sunflower seed has been raised by Rs 262 to Rs 5,650, sesamum seed by Rs 236 to Rs 6,485, groundnut by Rs 200 to Rs 5,090 and nigerseed by Rs 63 to Rs 5,940.

Among commercial crops, the government has increased the cotton MSP by Rs 100-105/quintal for this year, with medium staple cotton at Rs 5,255 and long staple cotton at Rs 5,550/quintal.

"The highest percentage return to farmers over their cost of production is for Bajra (85 per cent) followed by urad (64 per cent) and tur (60 per cent)," the government said.

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