The MSPs for all other kharif crops have been hiked even after merging their SDR components.
The MSP for paddy has remain unchanged at the level of last years applicable MSPs (AMSPs). In case of common grade paddy, it is Rs 550 per quintal and that of grade A paddy, it is Rs 580 per quintal. However, the MSPs for oilseeds have been hiked by Rs 25-40 per quintal.
Union agriculture minister Rajnath Singh in a statement in Parliament on Wednesday said, It is expected that the increases in the MSPs of kharif crops will encourage the farmers in diversification of crops.
The MSP for groundnut has been fixed at Rs 1,400 a quintal, an increase of Rs 25 a quintal. Corresponding rates for soyabean (yellow and black) have been fixed at Rs 930 and Rs 840 per quintal.
The MSP for sunflower seed has been raised to Rs 1,250 per quintal from last years AMSP of Rs 1,210 a quintal. Those for sesamum and nigerseed have been fixed at Rs 1,485 and 1,155 a quintal respectively, marking an increase of an increase of Rs 30 and Rs 35 a quintal.
The MSP for H-4 cotton has been hiked to Rs 1,925 a quintal from last years AMSP of Rs 1895 per quintal and that of J-34 and other varieties of cotton to Rs 1,725 a quintal from last years AMSP of Rs 1,695 a quintal.
As part of the governments initiatives for crop diversification, MSPs of coarse cereals have also been raised. The MSPs for jowar, bajra, maize and ragi have also been fixed at Rs 505 a quintal. Last years AMSP for jowar, maize and ragi was Rs 490 per quintal and that of bajra was Rs 495 per quintal.
The MSP of arhar (tur) has been raised to Rs 1,360 a quintal as against last years AMSP of Rs 1,325 per quintal. Similarly, MSPs for moong and urad have been raised to Rs 1,370 a quintal from last years AMSP of Rs 1,335 per quintal.
During 1998-2003, the rates of growth in the MSP for paddy and wheat were 4.6 and 5.1 per cent respectively. However in the case of gram, the rate of increase in the MSP during 1998-2003 was much higher at 10.3 per cent.
In the case of mustard, the rate of MSP growth was 8.7 per cent during 1998-2003.