Paddy MSP hiked by Rs 53/quintal

Tribune News Service
New Delhi, June 1

The government today hiked the Minimum Support Price (MSP) of paddy marginally by Rs 53 per quintal to Rs 1,868 per quintal for the common variety and Rs 1,888 for ‘Grade A’ for the crop year 2020-21. As recommended by the Commission for Agricultural Costs and Prices (CACP), the rates of all 14 crops of the season, including oilseeds, pulses and cereals, have been raised.

The government claimed big benefits with returns on cost as high as 83% for bajra and 50 per cent for paddy (both common and Grade A), but the farmers termed the increase ‘miniscule’. Tomar said the increase in the paddy support price would ensure 50% return on the cost.

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