The government might announced increase in the minimum support price (MSP) of rice and other Kharif grown for the current Kharif session soon.
The cabinet committee on economic affairs (CCEA) might take up the issue of increasing MSP in its meeting scheduled for Thursday.
The commission for agriculture costs and prices (CACP) has already recommended hike of MSP to Rs 10,000 per tonne for the general paddy from Rs 7,450 per tonne.
The MSP for grade ?A? paddy is proposed to be hiked to Rs 10,050 per tonne, up from the current Rs 7, 250.
The current MSP?s of both rice grades includes, a Rs 1,000 per tonne bonus announced in October.
The CACP has also recommended increasing the MSP of maize to Rs 8,400 per tonne, up from the Rs 6,200 per tonne.
The MSP for arhar (pigeon pea) is proposed to be raised to Rs 20,000 per tonne, up from the Rs 15,900 per tonne. The MSP for urad (black gram) has been proposed at Rs 25, 200 per tonne, up from Rs 7, 400 per tonne.
For soybean, the MSP for black and yellow varieties has been proposed at Rs 13, 500 per tonne.