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Marginal hike in soyabean support price

Marginal hike in soyabean support price
Ramu Bhagwat| Jun 4, 2016, 04.09 AM IST









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Nagpur: The Cabinet Committee on Economic Affairs chaired by the prime minister Narendra Modi has approved an increase in minimum support prices (MSPs) for all Kharif crops of 2016-17 season. As an incentive for cultivation of pulses and oilseeds, a bonus will be paid on these crops over and above the approved MSP .
The new rates will be effective from Oct 1. Tur (arhar), urad and moong will now get a bonus of Rs 425 a quintal. Thus the tur MSP (including bonus) will go up from current Rs 4525 to Rs 5050, an effective hike of 9.2%. The procurement price of moong will be hiked from Rs 4850 to Rs 5225 (including Rs 375 bonus). The Urad MSP goes up from Rs 4625 to Rs 5000.

Groundnut-in-shell will get a hike of Rs 190 from Rs 4030 to Rs 4220. Another oilseed and a major cash crop of Vidarbha, soyabean , will see a MSP hike of Rs 175 from Rs 2600 to Rs 2775 that will include a bonus of Rs 100.

However, the other cash crop of the region cotton gets only a marginal rise of Rs 60 or 1.6% from Rs 4100 to Rs 4160 for long staple and from Rs 3800 to Rs 3860 for short staple. Paddy prices have been upped from Rs1450 to Rs 1510 for top grade and Rs 1410 to Rs 1470 for common grades.

Farm activist Kishore Tiwari, who is also chairman state-sponsored Vasantrao Naik Sheti Swavalamban Mission (VNSSM), a task force on agrarian crisis has welcomed the incentives on pulses but protested the meagre hike in cotton and paddy support prices.

"In dry-land, drought-hit regions where farm suicides are still rampant, cotton and soyabean are cultivated on around 7 million hectares and are the most important crops on which farmers survive. The Commission on Agriculture Costs and Prices (CACP), should reconsider the new rates for cotton and soya," said Tiwari. He is now planning to petition the Union government to seek special bonus for two crops.

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