The rise in the minimum support price (MSP) for all required kharif crops for the marketing season 2023–2024 was announced by Union Minister Piyush Goyal on Wednesday. According to the minister, the step has been taken to ensure that remunerative prices are given to the producers to encourage crop diversification.The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the hike in the MSP of paddy by Rs 143 to Rs 2,183 per quintal for the 2023-24 crop year (July-June) to encourage farmers to bring more area under the crop and boost their income. Notably, the price of paddy was Rs 2,040 last year.कृषि कल्याण को समर्पित PM @NarendraModi जी की सरकार ने खरीफ फसलों पर MSP को बढ़ाने का महत्वपूर्ण निर्णय लिया है।इससे भारत में अन्नदाताओं को फसलों के उत्पादन से अधिक लाभ सुनिश्चित होगा और विश्वभर में Millets के उपयोग को बढ़ावा देने में सहायक सिद्ध होगा। pic.twitter.com/UOJI95vocl— Piyush Goyal (@PiyushGoyal) June 7, 2023Similarly, the support price for Paddy-A grade has seen a hike of Rs 163 to Rs 2,203 per quintal from Rs 2,060. The highest increase in MSP was in moong by 10.4 percent at Rs 8,558 per quintal for the 2023-23 crop year, as against Rs 7,755 per quintal in the previous year.List of MSP for crops (figures in Rs. Per quintal)Jowar-Hybrid: Rs 3,180Jowar-Maldandi: Rs 3,225Bajra: Rs 2,500Ragi: Rs 3,846Maize: 2,090Tur/ Arhar: Rs 7,000Moong: Rs 8,558Urad: Rs 6,950Groundnut: Rs 6,377Sunflower Seed: Rs 6,760Soybean (Yellow): Rs 4,600Sesamum: Rs 8,635Nigerseed: Rs 7,734Cotton (Medium Staple): Rs 6,620Cotton (Long Staple): Rs 7,020Notably, the paddy is the main for which the sowing generally begins with the onset of monsoon. But, this year, the onset of monsoon in Kerala has missed the date of June 1.
