India Boosts Rabi Season MSPs
VANCOUVER - Oct 25/11 - SNS -- Minimum support prices (MSP) for pulses and other crops grown during India's winter or rabi season crop cycle increased dramatically over last year as the country tries to encourage farmers to grow enough rabi season pulses to offset the drop in summer or kharif season production.
In a press statement, India's Cabinet Committee on Economic Affairs said it "approved the MSP for Rabi Crops of 2011-12 season to be marketed in 2012-13.
"The MSP of wheat has been fixed at Rs.1285 per quintal marking an increase of Rs.165 per quintal (100 kilograms) over the last years MSP. The MSP of barley has been raised by Rs.200 per quintal and fixed at Rs.980 per quintal.
"The MSP of gram and masur (Lentil) has been fixed at Rs.2800 per quintal each marking an increase of Rs.700 per quintal and Rs.550 per quintal respectively over their last years MSPs.
"The MSPs of rapeseed/mustard and safflower have been increased by Rs.650 per quintal and Rs.700 per quintal respectively over the last years MSPs and have been fixed at Rs.2500 per quintal each."
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