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Kharif crop MSP hikes
June 14 , 2023
620 days
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- The Centre has set the Minimum Support Price (MSP) for paddy sown in the kharif or monsoon season at ₹2,183 per quintal.
- It is a hike of ₹143 per quintal in comparison to last year.
- The 2023-24 MSPs for 17 kharif crops and variants were approved at a meeting of the Cabinet Committee on Economic Affairs (CCEA).
- The MSP for moong is ₹8,558 per quintal, an increase of ₹803 from last year.
- This is one of the highest increases among kharif crops.
- The MSP for tur or arhar has been set at ₹7,000 per quintal.
- It is estimated to be 58% above the cost of production.
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