Government hikes MSP for grains, oilseeds

Government increased the minimum support price (MSP) for wheat by Rs 10 per quintal to Rs 620 from Rs 610 for the marketing season '02-03. Government also raised the MSP for various other agricultural commodities, including grams, rapeseed/mustard and sunflower. MSP for grams has been increased to Rs 1,200 per quintal from the existing level of Rs 1,100 for the same period. For rapeseed/mustard, sunflower and masoor (pulse) the MSP has been fixed at Rs 1,300 a quintal, up from Rs 1,200. The government also increased the issue price of wheat for exports to Rs 4310 per tonne from Rs 4250 per tonne and that of raw rice to Rs 5760 from Rs 5650 per tonne. In case of par-boiled rice for export, the issue price from the central pool has been hiked to Rs 6115 per tonne from Rs 6000 per tonne.


Market Update
(Food Grains)