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Image for representation purpose only. | Photo Credit: K.R. Deepak The Minimum Support rices (MSPs) for both kharif and rabi seasons 2023-24 ensured a minimum return of 50% over the cost of production for all crops, said the Reserve Bank’s Annual Report released on May 30. The overall public stock of foodgrains as on March…
Prakash Kammaradi, Agriculture Economist, at a press conference in Mangaluru on Saturday, April 20. | Photo Credit: H.S. MANJUNATH The government should announce legally backed minimum procurement price for food crops and the Congress and the BJP, two major political parties contesting the Lok Sabha elections, should make their commitment on the same clear, former…
Amid the heat of the ongoing Lok Sabha electioneering, the Centre has announced plans to significantly increase wheat purchase from non-traditional States of Uttar Pradesh, Rajasthan and Bihar and set a target of seven-fold jump in procurement to 50 lakh tonnes in the ongoing 2024-25 marketing year. Further, even as the ban on outbound shipments…
The perennial issue of fair pricing of farm produce reigns supreme, now coupled with calls for legal assurances of Minimum Support Price. File | Photo Credit: PTI As the general elections draw closer, agrarian concerns have once again taken centre stage. Farmers from the heartland of the Green Revolution have travelled to the border of…
On February 13, groups of farmers began a march to New Delhi, to press for fulfilment of their demands, which include a legal guarantee for purchasing crops at Minimum Support Price (MSP) and India’s withdrawal from the World Trade Organization (WTO) which, they allege, places pressure on the Centre for drafting policies for procurement and…
Union Minister Anurag Thakur addresses the media during cabinet briefing, in New Delhi, on Oct. 18, 2023. | Photo Credit: PTI Ahead of assembly polls in key wheat growing states, the government on Wednesday announced an increase in the minimum support price (MSP) of wheat by ₹150 to ₹2,275 per quintal for the 2024-25 marketing…
Read More “Govt hikes wheat MSP by ₹150 per quintal to ₹2,275/quintal for 2024-25: I&B minister” »
“In case of any shortfall in production of any crop, prices can increase at a faster rate and add to inflation.” | Photo Credit: MOHD ARIF The inflationary impact of the 5%–11% increase in the minimum support price (MSP) for farm produce will be an additional factor for the RBI’s Monetary Policy Committee (MPC) to…
Read More “‘Crop shortages could quicken inflation following MSP hikes’ ” »
File photo used for representational purposes only. The Union Cabinet approved a ₹143 hike in the MSP of paddy to ₹2,183/quintal for 2023-24. | Photo Credit: Nagara Gopal The Centre has set the Minimum Support Price (MSP) for paddy sown in the kharif or monsoon season at ₹2,183 per quintal, a hike of ₹143 per…
Read More “Centre hikes kharif crop MSPs, ₹143 increase for paddy” »
A farmer spreads fertilizer in a field, at a village in Madurai. | Photo Credit: PTI Globally, there is a twin crisis in agriculture: in food and in fertilizers. On the one hand, there are fears of a fall in the global production and availability of food. The rise in food inflation has been an…
The MSP for medium staple cotton for 2022-23 kharif season is ₹6,080. | Photo Credit: Nagara Gopal While cotton farmers in several States have demanded an increase in the minimum support price (MSP) of the crop, the Centre has said that it is “watching” the cotton production scenario and decide accordingly. A senior official of…
Read More “Centre rules out an increase in MSP for cotton, but farmers seek more” »
