IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 04 Jul 2018 | Removal date: 31 Oct 2018
Still in force

Price stabilisation

On 4 July 2018, the Indian Cabinet Committee on Economic Affairs approved an increased in the Minimum Support Price (MSP) for several Kharif crops for the 2018-19 season. Kharif is the monsoon cropping season starting in July and ending in October. 

  • Common Paddy from INR 1550 (~USD 22.57) to INR 1750 (~USD 25.48) per quintal
  • Grade A Paddy from INR 1750 (~USD 25.48) to INR 1770 (~USD 25.77) per quintal
  • Hybrid Jowar from INR 1700 (~USD 24.75) to INR 2430 (~USD 35.38) per quintal
  • Maldandi Jowar from INR 1725 (~USD 25.11) to INR 2450 (~USD 35.67) per quintal
  • Bajra from INR 1425 (~USD 20.75) to INR 1950 (~USD 28.39) per quintal
  • Ragi from INR 1900 (~USD 27.66) to INR 2897 (~USD 42.17) per quintal
  • Maize from INR 1425 (~USD 20.75) to INR 1700 (~USD 24.75) per quintal
  • Arhar(Tur) from INR 5450 (~USD 79.34) to INR 5675 (~USD 82.62) per unital
  • Moong from INR 5575 (~USD 81.16) to INR 6975 (~USD 101.54) per quintal
  • Urad from INR 5400 (~USD 78.61) to INR 5600 (~USD 81.53) per quintal
  • Groundnut from INR 4450 (~USD 64.78) to INR 4890 (~USD 71.19) per quintal
  • Sunflower seed from INR 4100 (~USD 59.69) to INR 5388 (~USD 78.45) per quintal
  • Soybean from INR 3050 (~USD 44.40) to INR 3399 (~USD 49.48) per quintal
  • Sesamum from INR 5300 (~USD 77.16) to INR 6249 (~USD 90.97) per quintal
  • Nigerseed from INR 4050 (~USD 58.96) to INR 5877 (~USD 85.56) per quintal
  • Medium Staple Cotton from INR 4020 (~USD 58.52) to INR 5150 (~USD 74.97) per quintal
  • Long Staple Cotton from INR 4320 (~USD 62.89) to INR 5450 (~USD 79.34) per quintal

According to several news reports, the higher MSP will increase the aggregate food subsidy by INR 11,000-15,000 crore.(USD 1.6 to USD 2.2 billion).

 

* INR to USD conversion as on 4 July 2018 - INR 68.69 / USD.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

011 Cereals
1005 Maize (corn).
100590 Other
014 Oilseeds & oleaginous fruits
1201 Soya beans, whether or not broken.
1207 Other oil seeds and oleaginous fruits, whether or not broken.
120740 Sesamum seeds
120799 Other
017 Pulses (dried leguminous vegetables)
0713 Dried leguminous vegetables, shelled, whether or not skinned or split.
071331 Beans of the species Vigna mungo (L.) Hepper or Vigna radiata (L.) Wilczek
071390 Other
019 Forage; natural rubber; living plants; raw vegetable materials
5201 Cotton, not carded or combed.
520100 Cotton, not carded or combed.

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