Rabi Season MSPs Jump 20%
NEW DELHI - Oct 20/10 - SNS -- Minimum support prices (MSP) for pulse crops to be grown during the coming rabi or winter season are up sharply from last year.
The Cabinet Committee on Economic Affairs approved the Minimum Support Prices (MSPs) of Fair Average Quality (FAQ) of rabi crops of 2010-11 to be marketed in 2011-12 season. The MSPs approved are on the recommendations of Commission for Agricultural Costs and Prices (CACP).
Discussing the MSPs, the government said, "The prices of other oilseeds belonging to the Rapeseed / Mustard group will be fixed on the basis of their normal market price differentials with Rapeseed / Mustard.
"In the case of cereals, FCI and other designated State Agencies will continue to provide price support to the farmers, as in the past. NAFED will continue to be the nodal agency for procurement of oilseeds and pulses; and losses, if any, will be fully reimbursed by the Government of India."
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