No: ----- Dated: Oct, 29 2014

Minimum Support Price for Rabi Crops of 2014-15 season to be marketed in 2015-16 

 

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the Minimum Support Prices (MSPs) for Rabi Crops of 2014-15 season to be marketed in 2015-16 as follows:

                                                                                                                                          (Rs. per quintal)

Commodity

MSP for 2013-14

MSP for 2014-15

Increase over previous year

Wheat

1400

1450

50

Barley

1100

1150

50

Gram

3100

3175

75

Masur (Lentil)

2950

3075

125

Rapeseed/Mustard

3050

3100

50

Safflower

3000

3050

50

 

            The prices are on the recommendations of the Commission for Agricultural Costs and Prices (CACP).  This will help in higher production through assured remunerative prices to the farmers.

 The National Agricultural Cooperative Marketing Federation (NAFED), National Cooperative Consumers’ Federation (NCCF), Central Warehousing Corporation (CWC) and Small Farmers Agri Business Consortium (SFAC) will be the nodal agencies for procurement of oilseeds and pulses, and losses if any, incurred by the nodal agencies in such operations would be fully reimbursed.

 

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