13th February, 2003
Ministry of Agriculture  


MSP FOR RABI CROPS ANNOUNCED

ONE TIME SPECIAL DROUGHT RELIEF TO BE PAID EXTRA TO FARMERS


The Government today announced the Minimum Support Prices (MSP) for the Rabi crops of 2002-03 to be marketed in the next financial year. MSP of rapeseed/mustard has been increased by Rs.30 per quintal while that of gram and masur have been hiked by Rs.20 per quintal over the MSP for 2001-02. MSP of wheat, barley and safflower remained unchanged.

The Government provided for extra payment of one time special drought relief for the six crops ranging from Rs.5 to Rs.10 per quintal. MSP and the one time special drought relief for Rabi crops approved by the Cabinet Committee on Economic Affairs are as follows :

Commodity

MSP for 2002-03

One time special Drought relief

MSP for 2001-02

Wheat

620

10

620

Barley

500

5

500

Gram

1220

5

1200

Rapeseed/Mustard

1330

10

1300

Safflower

1300

5

1300

Masur

1320

5

1300

The prices of other oilseeds belonging to the Rapeseed/Mustard group will be filed on the basis of their normal market price differentials with Rapeseed/Mustard.

The National Agricultural Cooperative Marketing Federation (NAFED) would continue to be the nodal agency for procurement of oilseeds and pulses and losses if any, will be fully reimbursed.

Union Agriculture Minister, Shri Ajit Singh said the higher remunerative prices to the farmers will help in increasing production and productivity.