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NEW DELHI: The government on Wednesday announced an increase in minimum support price (MSP) of six rabi (winter sown) crops with wheat getting a hike of Rs 150 per quintal – from existing Rs 2,125 per quintal to Rs 2,275 per quintal – for the 2024-25 marketing season, beginning April next year.
The seasonal hike, which came ahead of the assembly polls in key wheat producing states of MP and Rajasthan, is the highest quantum of increase in MSP for wheat since the Modi government came to power in 2014.
Data shows that the annual MSP hikes for wheat ranged from Rs 40 per quintal to Rs 110 per quintal during 2014-15 to 2023-24 period when the focus was increasingly on support prices of pulses and oilseeds to nudge farmers towards crop diversification in order to reduce the country’s import bill.
Record foodgrain & horticultural output
Backed by good monsoon rains last year, output of both foodgrain and horticultural produce made a new record in 2022-23 with an estimated production of 330 million tonnes and 352 million tonnes, respectively.
While foodgrain production in 2022-23 recorded an increase of 14 million tonnes (over 4%) over 2021-22 as per the agriculture ministry’s final estimate, the output of horticultural produce showed an increase of about 5 million tonnes (over 1%) compared to the previous year as per its second estimate. Both the estimates were released by the ministry on Wednesday.
In the foodgrains basket, paddy (rice) and wheat reported record production in the 2022-23 crop year (July-June cycle) at 135 million tonnes and 110 million tonnes, respectively.
Fruit production stood at 108 million tonnes in 2022-23 compared to 107 million tonnes in 2021-22 whereas the production of vegetables stood at 213 million tonnes in 2022-23 compared to 209 million tonnes in the previous year. As per the data, potato output was 60 million tonnes compared to 56 million tonnes in 2021-22.
Agriculture minister Narendra Singh Tomar attributed the record output of foodgrains and horticultural crops to the hard work of farmers, the efficiency of scientists and the farmer-friendly policies of the Narendra Modi government.
The seasonal hike, which came ahead of the assembly polls in key wheat producing states of MP and Rajasthan, is the highest quantum of increase in MSP for wheat since the Modi government came to power in 2014.
Data shows that the annual MSP hikes for wheat ranged from Rs 40 per quintal to Rs 110 per quintal during 2014-15 to 2023-24 period when the focus was increasingly on support prices of pulses and oilseeds to nudge farmers towards crop diversification in order to reduce the country’s import bill.
Record foodgrain & horticultural output
Backed by good monsoon rains last year, output of both foodgrain and horticultural produce made a new record in 2022-23 with an estimated production of 330 million tonnes and 352 million tonnes, respectively.
While foodgrain production in 2022-23 recorded an increase of 14 million tonnes (over 4%) over 2021-22 as per the agriculture ministry’s final estimate, the output of horticultural produce showed an increase of about 5 million tonnes (over 1%) compared to the previous year as per its second estimate. Both the estimates were released by the ministry on Wednesday.
In the foodgrains basket, paddy (rice) and wheat reported record production in the 2022-23 crop year (July-June cycle) at 135 million tonnes and 110 million tonnes, respectively.
Fruit production stood at 108 million tonnes in 2022-23 compared to 107 million tonnes in 2021-22 whereas the production of vegetables stood at 213 million tonnes in 2022-23 compared to 209 million tonnes in the previous year. As per the data, potato output was 60 million tonnes compared to 56 million tonnes in 2021-22.
Agriculture minister Narendra Singh Tomar attributed the record output of foodgrains and horticultural crops to the hard work of farmers, the efficiency of scientists and the farmer-friendly policies of the Narendra Modi government.
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