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Foodgrain pricing committee directed to redevelop wheat MSP: Sharad Pawar
SME News, Friday, Nov 30, 2012 17:23:19 PM IST
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NEW DELHI: Centre has turned down a top foodgrain pricing committee's proposal for keeping unaltered the minimum rate to be paid during this year to wheat farmers at the price of Rs 1,285 per quintal, said Union Agriculture Minister Sharad Pawar.
Centre has directed the Commission for Agricultural Costs and Prices (CACP) to redevelop the minimum support price (MSP) of wheat for FY13 due to the jump of cost of inputs like fertiliser and diesel.
CACP had proposed that MSP for wheat in present year should be similar as last year’s level of Rs 1,285 despite the output cost rising to Rs 1,128 in the present year as compared to Rs 927 per quintal during FY12.
The MSP for wheat in FY11 stood at Rs 1,120 per quintal when the output cost touched Rs 826.
Pawar stated that the MSP for paddy for present year was decided at Rs 1,250 per quintal due to the cost of production of Rs 1,152.
Pawar stated that the MSP for paddy for present year was decided at Rs 1,250 per quintal due to the cost of production of Rs 1,152.
