Modi govt hikes MSP for paddy by Rs 200. Here's details for kharif crops

July 4, 2018

Sambad English Bureau

New Delhi: In a bid to fulfil poll promise to increase farmers' income, the Union cabinet today hiked the Minimum Support Price (MSP) for paddy by Rs 200 per quintal just a year before next general elections.

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved the increase in the MSPs for all kharif crops for 2018-19 Season to provide farmers a profit of 50 per cent over the cost of production.

Addressing the media, Union Minister Rajnath Singh said the cabinet had taken the "historic" decision to give MSP of 1.5 times on the input cost to farmers, which will be a "big boost" to the economy.

The MSPs for all kharif crops of 2018-19 season have been increased as follows: (Rs/quintal)

Commodity	Variety	MSP for 2017-18 Season	MSP approved for 2018-19 Season	Increase		Return*over cost in percent
Commodity	Variety	MSP for 2017-18 Season	MSP approved for 2018-19 Season	Absolute Absolute	Percentage	Return*over cost in percent
Paddy	Common	1550	1750	200	12.90	50.09
Paddy	Grade A Grade A	1590	1770	180	11.32	51.80
Jowar	Hybrid	1700	2430	730	42.94	50.09
Jowar	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
Cotton	Long Staple	4320	5450	1130	26.16	58.75