ANNOUNCEMENT 01 Jun 2020

The prices under a price support program of the Indian government have been increased for crops sown in the monsoon season of the year 2020.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Minimum Support Prices (MSP) for Kharif Crops for marketing season 2020-21
https://pib.gov.in/PressReleasePage.aspx?PRID=1628348

Inception date: 01 Jul 2020 | Removal date: 31 Oct 2020

Price stabilisation

On 1 June 2020, the Indian Cabinet Committee on Economic Affairs approved an increase in the Minimum Support Price (MSP) for several Kharif crops for the 2020 cropping season. Kharif is the monsoon cropping season starting in July and ending in October. 

  • Common Paddy: increased from INR 1815 (~USD 24.02) to INR 1868 (~USD 24.73) per quintal
  • Grade A Paddy: increased from INR 1835 (~USD 24.29) to INR 1888 (~USD 25) per quintal
  • Hybrid Jowar: increased from INR 2550 (~USD 33.75) to INR 2620 (~USD 34.68) per quintal
  • Maldandi Jowar: increased from INR 2570 (~USD 34.01) to INR 2640 (~USD 34.94) per quintal
  • Bajra: increased from INR 2000 (~USD 26.47) to INR 2150 (~USD 28.46) per quintal
  • Ragi: increased from INR 3150  (~USD 41.69) to INR 3295 (~USD 43.61) per quintal
  • Maize: increased from INR 1760 (~USD 23.30) to INR 1850 (~USD 24.49) per quintal
  • Arhar(Tur): increased from INR 5800 (~USD 76.77) to INR 6000 (~USD 79.42) per unital
  • Moong: increased from INR 7050 (~USD 93.32) to INR 7196 (~USD 95.25) per quintal
  • Urad: increased from INR 5700 (~USD 75.47) to INR 6000 (~USD 79.42) per quintal
  • Groundnut: increased from INR 5090 (~USD 67.37) to INR 5275 (~USD 69.82) per quintal
  • Sunflower seed: increased from INR 5650 (~USD 74.78) to INR 5885 (~USD 77.90) per quintal
  • Soybean: increased from INR 3710 (~USD 49.11) to INR 3880 (~USD 51.36) per quintal
  • Sesamum: increased from INR 6485 (~USD 85.84) to INR 6855 (~USD 90.73) per quintal
  • Nigerseed: increased from INR 5940 (~USD 78.62) to INR 6695 (~USD 88.62) per quintal
  • Medium Staple Cotton: increased from INR 5255 (~USD 69.56) to INR 5515 (~USD 73) per quintal
  • Long Staple Cotton: increased from INR 5550 (~USD 73.46) to INR 5825 (~USD 77.10) per quintal

* INR to USD conversion as of 1 June 2020 - INR 75.55/ USD.