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Tag: Kharif crops

  • Kishan Reddy praised PM Modi for increasing MSP of Kharif crops

    Kishan Reddy praised PM Modi for increasing MSP of Kharif crops

    Average of 60 per cent to 80 per cent increase in MSP since 2014 for those crops predominantly grown in Telangana

    ♦ Sunflowers sees the highest growth since 2014 with more than 80 per cent

    ♦ To encourage cotton farmers and promote Telangana handlooms and textiles MSP for Cotton has seen a 75 per cent increase in MSP since 2014

    Hyderabad: Union Minister of Tourism, Culture, and DoNER, G Kishan Reddy, expressed his heartfelt gratitude to Prime Minister Narendra Modi for the decision of the Cabinet Committee on Economic Affairs (CCEA) to approve the increase in the Minimum Support Prices (MSP) for all mandated Kharif crops for the marketing season 2023-24.

    Chaired by the Prime Minister, the CCEA’s decision aims to ensure that farmers receive fair prices for their produce and to encourage crop diversification.

    In a statement released on Wednesday, G Kishan Reddy emphasised the Government of India’s commitment to supporting farmers by raising the MSP for Kharif Crops. He stated, “The increase in MSP for the Marketing Season 2023-24 is a step towards empowering farmers and promoting crop diversification.”

    He also highlighted the significant benefits that farmers in Telangana have gained from the increased MSP since 2014. He noted, “Telangana farmers have experienced remarkable advantages with an average increase in MSP ranging from 60 to 80 percent since 2014, particularly for crops predominantly grown in the region.”

    He specifically mentioned notable MSP hikes for crops such as sunflower, cotton, maize, and Paddy. “Sunflower has witnessed the highest growth with an MSP increase of over 80 percent since 2014. Cotton, which promotes Telangana’s handlooms and textiles, has seen a 75 percent increase in MSP since 2014. As Telangana is the second-largest paddy-producing State, the approximately 60 percent MSP increase for paddy and maize since 2014 has greatly benefitted our annadatas,” the Minister added.

    He affirmed, “The revised MSP for crops such as Paddy, Maize, Sunflower, and Cotton, grown in Telangana, ensures that farmers receive a minimum margin of at least 50 percent over their cost of production.”

  • Cabinet hikes minimum support price for Kharif crops

    Cabinet hikes minimum support price for Kharif crops

    The government on Wednesday hiked the minimum support price (MSP) of paddy by Rs 143 to Rs 2,183 per quintal for the 2023-24 crop year (July-June) in order to encourage farmers to bring more area under the crop and boost their income.

    The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the increase in MSP for all mandated Kharif (summer) crops for the 2023-24 crop year.

    Briefing media, Food and Consumer Affairs Minister Piyush Goyal said: “In agriculture, we have been fixing MSP from time to time based on the recommendations of the CACP (Commission for Agricultural Costs and Prices). The increase in MSP of kharif crops for this year is highest compared to the previous years.”

    Farmers will benefit from the increase in the MSP at a time when the retail inflation is on a declining trend, he added.

    Goyal said the MSP of common grade variety of paddy has been increased by Rs 143 to Rs 2,183 per quintal for the 2023-24 crop year, from Rs 2,040 in the previous year.

    The support price of ‘A’ grade variety of paddy has been hiked by Rs 163 to Rs 2,203 per quintal from Rs 2,060, he said.

    Highest increase in MSP was in moong by 10.4 per cent at Rs 8,558 per quintal for 2023-23 crop year, as against Rs 7,755 per quintal in the previous year.

    Paddy is the main kharif crop, the sowing of which normally begins with the onset of southwest monsoon. The India Meteorological Department (IMD) has projected a normal monsoon for the June-September period despite the evolving El Nino conditions.

    The monsoon has missed its onset date of June 1 in Kerala.