Union government has announced the Minimum Support Prices of Rabi crops that will be harvested next year and sold in the year 2015-16. Millions of farmers around the country wait eagerly to know these MSPs. Barley and wheat are two crops for which MSP has been increased by Rs 50/quintal. The MSPs of these two Rabi Crops are pegged at Rs. 1150 and Rs.1450 per quintal. MSPs of other commodities like Masur and Gram have also been increased. Increase in Masur is Rs. 125/quintal whereas this increase in Gram is Rs. 75/quintal. These two commodities would have MSPs of Rs. 3075 and Rs. 3175 per quintal respectively. Finally, the Minimum Support Prices of Mustard, rapeseed, and Safflower have also been announced with an increase of Rs. 50/quintal for each of them. Rapeseed price is pegged at Rs. 3100 whereas Safflower will have a MSP of Rs. 3050/quintal.
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About Sanjay Tandon
Sanjay Tandon is a graduate engineer from IIT Varanasi. He has been writing as a freelancer for many years. He loves to write on various niches. He is passionate about politics and economy and spends his free time watching news channels. He is also an expert on relationships.