The government of India on Wednesday has increased the Minimum Support (MSP) of paddy by Rs 200 to make it Rs 1750 per quintal for the 2018-19 season. Besides fourteen stipuleted pulses experienced upward revision in their respective MSP, a step that the government claims is in complinace with its promise of providing 150 percent of the cost of production to the farmers.
The union government in its budget proposal for 2018-19 had promised to double the farmers’ income by 2022.
As per the government release on the decision of Cabinet Committee on Economic Afffairs on Wednesday, “the Budget for 2018-19 had indicated that a paradigm shift in the agricultural policies is needed to achieve the objective of doubling farmers’ income by 2022 through greater emphasis on generating higher incomes of farmers.”
The increase in the MSPs of Nigerseed at Rs.1827 per quintal, moong by Rs.1400 per quintal, sunflower seed by Rs.1288 per quintal and cotton by Rs.l 130 per quintal is unprecedented.
Amongst cereals and nutri cereals, in terms of absolute increase, MSP of paddy (common) has been raised by Rs 200 per quintal, jowar (hybrid) by Rs 730 per quintal and ragi by Rs 997 per quintal.
The highest percentage increase in MSP over the previous year is for ragi (52.47 %) followed by jowar hybrid (42.94%). For pulses, apart from Moong, MSP of arhar (tur) has been raised by Rs 225 per quintal yielding a return over cost by 65.36 per cent and urad by Rs 200 per quintal with a return over cost by 62.89 per cent in order to maintain inter-crop-price parity. Similarly, the MSP of Bajra has been raised by Rs.525 per quintal yielding a return of 96.97 per cent over cost.
The MSP of kharif crops for 2018-19 are as following.
| Commodity
|
Variety
|
MSP for 2017-18 Season
|
MSP approved for 2018-19 Season
|
Increase
|
Return*over cost in percent
|
|
| Absolute
Absolute
|
Percentage
|
|||||
| Paddy
|
Common
|
1550
|
1750
|
200
|
12.90
|
50.09
|
| Grade A
Grade A
|
1590
|
1770
|
180
|
11.32
|
51.80
|
|
| Jowar
|
Hybrid
|
1700
|
2430
|
730
|
42.94
|
50.09
|
| Maldandi
Maldandi
|
1725
|
2450
|
725
|
42.03
|
51.33
|
|
| Bajra
|
–
|
1425
|
1950
|
525
|
36.84
|
96.97
|
| Ragi
|
–
|
1900
|
2897
|
997
|
52.47
|
50.01
|
| Maize
|
–
|
1425
|
1700
|
275
|
19.30
|
50.31
|
| Arhar(Tur)
|
–
|
5450
|
5675
|
225
|
4.13
|
65.36
|
| Moong
|
–
|
5575
|
6975
|
1400
|
25.11
|
50.00
|
| Urad
|
–
|
5400
|
5600
|
200
|
3.70
|
62.89
|
| Groundnut
|
–
|
4450
|
4890
|
440
|
9.89
|
50.00
|
| Sunflower Seed
|
–
|
4100
|
5388
|
1288
|
31.42
|
50.01
|
| Soyabean
|
–
|
3050
|
3399
|
349
|
11.44
|
50.01
|
| Sesamum
|
–
|
5300
|
6249
|
949
|
17.91
|
50.01
|
| Nigerseed
|
–
|
4050
|
5877
|
1827
|
45.11
|
50.01
|
| Cotton
|
Medium Staple
|
4020
|
5150
|
1130
|
28.11
|
50.01
|
| Long Staple
|
4320
|
5450
|
1130
|
26.16
|
58.75
|
|
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