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The Cabinet Committee on Economic Affairs (CCEA) may approve Rs 50 a quintal increase in minimum support price for key rabi crops wheat and mustard to Rs 1,400 and Rs 3,050, respectively, on Thursday.
on agenda
Sources said that the rabi support price was on the agenda of the CCEA on Thursday and the hikes were expected to be broadly in line with the recommendations of the Commission for Agriculture Costs and Prices, the crop price advisory body.
gram and masur
The CCEA may also approve a Rs 100 hike in the support price of gram at Rs 3,100.
The support price for masur could be increased by Rs 50 to Rs 2,950 and safflower by Rs 200 to Rs 3,000.
timely announcement
A timely announcement of MSP will help farmers take a decision on which crop to sow during the rabi season, set to start soon with the planting of rapeseed mustard – the main oilseed crop.
Plantings of wheat will start sometime in November, post Diwali, after farmers clear rice and sugarcane from their fields.
The harvest of rice has already begun in Punjab and Haryana, where an estimated two million tonnes of paddy have been procured by the State and Central agencies.
> vishwanath.kulkarni@thehindu.co.in
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