Agri-Business

Centre hikes support price of rabi pulses to boost production

To give a boost to production of pulses, the Centre on Thursday hiked the minimum support price (MSP) of rabi pulses by Rs.250 a quintal and in addition sanctioned a bonus of Rs.75 per quintal for gram and masoor dals.

The MSP of wheat was hiked by Rs.75 to Rs.1,525 per quintal from Rs.1,450 per quintal last season, while the support price for oilseeds were also raised by an average of Rs.250 per quintal.

Announcing these decisions taken at a meeting chaired by Prime Minister Narendra Modi, Union Power Piyush Goyal later said that the Cabinet Committee on Economic Affairs had approved an increase in the MSP for the rabi season of 2015-16 to be marketed in 2016-17.

The hike of Rs.325 per quintal (including bonus) in the support price of pulses is significant as the prices of tur, urad and moong have sky-rocketed in the retail market due to >huge gap between demand and supply leading to heavy imports. The support price for masoor is now Rs.3,325 and for gram (chana) Rs.3,425 per quintal.

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Printable version | Jul 9, 2020 11:09:38 AM | https://www.thehindu.com/business/agri-business/centre-hikes-support-price-of-rabi-pulses-to-boost-production/article7847230.ece

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