Govt fixes toria MSP at R3,020/q for 2013-14
The government on Friday announced a minimum suppport price (MSP) for toria an oilseed crop at R3,020 per quintal for 2013-14 to promote cultivation. Toria belongs to the rapeseed-mustard group. The government has fixed torias MSP slightly lower than the support price of rapeseed-mustard (R3,050 per quintal) for this year. "The MSP of toria of fair average quality for 2013-14 season to be marketed in 2014-15 has been fixed at R3,020 per quintal," an official statement said. The support price of toria has been fixed on the basis of normal market price differentials between toria and rapeseed-mustard. The decision was taken by CCEA in its meeting in October, this year.