Punjab government on Saturday demanded minimum support price (MSP) of Rs 1855 for wheat crop during 2013-14 season in accordance with the prevalent cost of the inputs in market.
Punjab Chief Minister Parkash Singh Badal today approved the recommendations of the State Agricultural department asking the Centre to fix the Minimum Support Price (MSP) for the crops of Rabi season 2013-14 in accordance with the prevalent cost of the inputs in market.
“Badal has cleared the file to this effect this evening, asking the Director agriculture to shot a letter to the Member Secretary of Commission for Agriculture Costs and Prices (CACP) for streamlining the policy regarding the marketing of Rabi crops in year 2013-14,” said a Punjab government spokesperson, adding that state government has recommended an increase in prices of such crops in proportion to the increase in their input costs.
“In order to fix the estimated cost of the Wheat crop for the year 2013-14, the market price of the various inputs like seeds, fertilizers, insecticides, pesticides, irrigation and labour have been kept in mind along with various other factors including the marketing expenditure and weather risks,” he said while emphasizing on the need for an increase in MSP of wheat crop for the next year.
The spokesperson added that keeping in view all these factors, the MSP of the wheat must be fixed at Rs 1855 per quintal while the MSP of other crops like Barley, Gram and Mustard should be fixed at Rs 1498, Rs 3618 and Rs 3400 per quintal respectively.
Punjab’s Agriculture Department had proposed the hike in MSP after determining the input costs of the Rabi crops for which agricultural experts had thoroughly analyzed the current situation.