Leveraging derivative markets to deliver the MSP to Indian farmers is a transformative approach that can potentially mitigate the challenges associated with price volatility and income stability in the agricultural sector. The minimum support price (MSP) has long been a cornerstone of India’s agricultural policy, designed to provide price stability and income security to farmers […]
Tag Archives: MSP
Paddy worth Rs 159,660 cr procured from farmers at support price: Govt
Synopsis Food Corporation of India, the nodal central agency, along with other state agencies undertakes procurement of paddy under the price support scheme (at MSP). Those procured paddy is then milled to make rice and distributed to the public under various food security schemes. Payments worth Rs 159,659.59 crore have been made to as many […]
Govt urged to increase MSP of pigeon peas (tur dal)
Synopsis The MSP of tur is Rs 6600/quintal, which is lower than moong’s MSP at Rs 7755/quintal. India is expected to import more quantities of tur dal to meet domestic demand as production is expected to drop. Additionally, the import of tur and urad pulses has been extended under the ‘free’ category until March 31, […]
Wheat crop loss likely to be 1-2 MT due to untimely rains, overall output to reach record level, says government
Synopsis India’s wheat production is likely to reach a record 112.2 million tonnes in the current year despite recent weather-related losses of 1-2 million tonnes, according to the country’s government. The government’s effort to procure wheat at minimum support price has already reached 7 lakh tonnes, compared to 2 lakh tonnes in the same period […]
Weather uncertainties grip agri sector in 2022; food grain supplies, crop prospects look bright
Synopsis If farm laws were the reason for the sector to hog headlines in 2021, this year, a raft of factors dotted the agriculture-food firmament. While rain deficit and heatwaves in winter hit production of a few major crops, Russia-Ukraine conflict pushed higher the prices of many commodities and fertilisers. Wheat and paddy crops withered, […]
MSP can only guarantee stable price not best rate, says Niti Aayog member Ramesh Chand
Synopsis Speaking on the demand of farmer groups to make MSP a legal right, Chand noted that cultivators want it to get the best price for their produce and also to protect themselves from price fluctuations. The minimum support price (MSP) of crops can guarantee stable prices but not always the best rates, which can […]
Pre-Budget meet: Farmers’ bodies ask government to lift export ban on wheat, other agricultural items
Synopsis Imposition of higher taxes on processed foods was another suggestion made by farmers’ bodies during the virtual meeting with finance minister Nirmala Sitharaman. In a pre-budget consultation with the finance ministry, farmers’ organisations on Tuesday asked the government to lift ban on exports of agri items like wheat and restrict import of products that […]