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The Cabinet Committee on Economic Affairs(CCEA) today approved the Minimum Support Price (MSP) of Kharif Crops for 2005-06 season, recommended by CACP as follows:
(Rs. per quintal)
Commodity Variety MSP for 2004-05 season MSP for 2005-06 season Increase over last seasons MSP Paddy Common 560 570 10 Grade A 590 600 10 Jowar - 515 525 10 Bajra - 515 525 10 Maize - 525 540 15 Ragi - 515 525 10 Tur (Arhar) - 1390 1400 10 Moong - 1410 1520 110 Urad - 1410 1520 110 Groundnut-in-shell - 1500 1520 20 Soyabean Yellow 1000 1010 10 Black 900 900 - Sunflower Seed - 1340 1500 160 Sesamum - 1500 1550 50 Nigerseed - 1180 1200 20 Cotton F-414/H-777/J-34 1760 1760 - H-4 1960 1980 20
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(i) The prices for different varietal groups of rice will be derived from the minimum support prices of paddy on the basis of hulling / milling ratios as well as the processing and incidental charges obtaining in different states;
(ii) The MSP recommended for F-414/H-777/J-34 variety of kapas will be made applicable only for Rajasthan;
(ii) The prices of F-414/H-777/J-34 grown in Haryana & Punjab will be fixed keeping in view the respective quality differentials vis-à-vis Rajasthan obtaining in these States;
(iii) The prices of varieties other than those in the group of long and superior long cotton will be fixed keeping in view the normal market price differentials between F-414/H-777/J-34 and other varieties;
(iv) The prices of varieties other than H-4 in the group of long and superior long cotton will be fixed keeping in view the normal market price differentials between H-4 and other varieties; and
(v) The NAFED would continue to be the nodal agency for procurement of oilseeds and pulses, and losses, if any, will be fully reimbursed. As regards cotton, NAFED would continue to undertake cotton procurement in addition to CCI.
RK/DS/LV
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