India
Centre increases MSP of 6 rabi crops; Rs 150 hike for wheat highest since 2014 | India News
NEW DELHI: The federal government on Wednesday introduced a rise in minimal help worth (MSP) of six rabi (winter sown) crops with wheat getting a hike of Rs 150 per quintal – from present Rs 2,125 per quintal to Rs 2,275 per quintal – for the 2024-25 advertising and marketing season, starting April subsequent 12 months.
The seasonal hike, which got here forward of the meeting polls in key wheat producing states of MP and Rajasthan, is the very best quantum of improve in MSP for wheat for the reason that Modi authorities got here to energy in 2014.
Knowledge reveals that the annual MSP hikes for wheat ranged from Rs 40 per quintal to Rs 110 per quintal throughout 2014-15 to 2023-24 interval when the main target was more and more on help costs of pulses and oilseeds to nudge farmers in direction of crop diversification with the intention to scale back the nation’s import invoice.
Document foodgrain & horticultural output
Backed by good monsoon rains final 12 months, output of each foodgrain and horticultural produce made a brand new document in 2022-23 with an estimated manufacturing of 330 million tonnes and 352 million tonnes, respectively.
Whereas foodgrain manufacturing in 2022-23 recorded a rise of 14 million tonnes (over 4%) over 2021-22 as per the agriculture ministry’s last estimate, the output of horticultural produce confirmed a rise of about 5 million tonnes (over 1%) in comparison with the earlier 12 months as per its second estimate. Each the estimates had been launched by the ministry on Wednesday.
Within the foodgrains basket, paddy (rice) and wheat reported document manufacturing within the 2022-23 crop 12 months (July-June cycle) at 135 million tonnes and 110 million tonnes, respectively.
Fruit manufacturing stood at 108 million tonnes in 2022-23 in comparison with 107 million tonnes in 2021-22 whereas the manufacturing of greens stood at 213 million tonnes in 2022-23 in comparison with 209 million tonnes within the earlier 12 months. As per the information, potato output was 60 million tonnes in comparison with 56 million tonnes in 2021-22.
Agriculture minister Narendra Singh Tomar attributed the document output of foodgrains and horticultural crops to the laborious work of farmers, the effectivity of scientists and the farmer-friendly insurance policies of the Narendra Modi authorities.
The seasonal hike, which got here forward of the meeting polls in key wheat producing states of MP and Rajasthan, is the very best quantum of improve in MSP for wheat for the reason that Modi authorities got here to energy in 2014.
Knowledge reveals that the annual MSP hikes for wheat ranged from Rs 40 per quintal to Rs 110 per quintal throughout 2014-15 to 2023-24 interval when the main target was more and more on help costs of pulses and oilseeds to nudge farmers in direction of crop diversification with the intention to scale back the nation’s import invoice.
Document foodgrain & horticultural output
Backed by good monsoon rains final 12 months, output of each foodgrain and horticultural produce made a brand new document in 2022-23 with an estimated manufacturing of 330 million tonnes and 352 million tonnes, respectively.
Whereas foodgrain manufacturing in 2022-23 recorded a rise of 14 million tonnes (over 4%) over 2021-22 as per the agriculture ministry’s last estimate, the output of horticultural produce confirmed a rise of about 5 million tonnes (over 1%) in comparison with the earlier 12 months as per its second estimate. Each the estimates had been launched by the ministry on Wednesday.
Within the foodgrains basket, paddy (rice) and wheat reported document manufacturing within the 2022-23 crop 12 months (July-June cycle) at 135 million tonnes and 110 million tonnes, respectively.
Fruit manufacturing stood at 108 million tonnes in 2022-23 in comparison with 107 million tonnes in 2021-22 whereas the manufacturing of greens stood at 213 million tonnes in 2022-23 in comparison with 209 million tonnes within the earlier 12 months. As per the information, potato output was 60 million tonnes in comparison with 56 million tonnes in 2021-22.
Agriculture minister Narendra Singh Tomar attributed the document output of foodgrains and horticultural crops to the laborious work of farmers, the effectivity of scientists and the farmer-friendly insurance policies of the Narendra Modi authorities.
