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Crops namely Wheat, Barley, Gram, Masur (lentil), Rapeseed/mustard and Safflower were produced during Rabi season from 2014-15 to 2017-18. Difference between Minimum Support Price (MSP) and Cost of Production for Wheat crop was Rs. 706 per quintal during 2014-15. It has increased by 4.82% to Rs. 740 per quintal during 2015-16 over 2014-15. We have observed an increase of 10.87% in difference between MSP and Cost of Production for Wheat crop from Rs. 828 per quintal during 2016-17 to Rs. 918 per quintal during 2017-18. Difference between Minimum Support Price (MSP) and Cost of Production for Barley crop was Rs. 415 per quintal during 2014-15. It has increased by 8.19% to Rs. 449 per quintal during 2015-16 over 2014-15. Annual increase of 11% has been seen in difference between MSP and Cost of Production for Barley crop to Rs. 565 per quintal during 2017-18 versus Rs. 509 per quintal during 2016-17.
Difference between Minimum Support Price (MSP) and Cost of Production for Gram crop was Rs. 1273 per quintal during 2014-15. It has increased by 8.09% to Rs. 1376 per quintal during 2015-16 over 2014-15. We have seen an increase of 10.23% in difference between MSP and Cost of Production for Gram crop to Rs. 1939 per quintal during 2017-18 from Rs. 1759 per quintal during 2016-17. Difference between Minimum Support Price (MSP) and Cost of Production for Masur (lentil) crop was Rs. 1209 per quintal during 2014-15. It has increased by 14.56% to Rs. 1385 per quintal during 2015-16 over 2014-15. Annual increase of 6.08% has been observed in difference between MSP and Cost of Production for Masur (lentil) crop from Rs. 1776 per quintal during 2016-17 to Rs. 1884 per quintal during 2017-18.
Difference between Minimum Support Price (MSP) and Cost of Production for Rapeseed/mustard crop was Rs. 1648 per quintal during 2015-16, up by 3.26% versus Rs. 1596 per quintal during 2014-15. Annual increase of 2.62% has been seen in difference between MSP and Cost of Production for Rapeseed/mustard crop to Rs. 1877 per quintal during 2017-18 from Rs. 1829 per quintal during 2016-17. Difference between Minimum Support Price (MSP) and Cost of Production for Safflower crop was Rs. 25 per quintal during 2014-15. It has increased by 872% to Rs. 243 per quintal during 2015-16 over 2014-15. We have observed an increase of 49.77% in difference between MSP and Cost of Production for Safflower crop from Rs. 651 per quintal during 2016-17 to Rs. 975 per quintal during 2017-18.
Note: Source: RAJYA SABHA SESSION – 245 UNSTARRED QUESTION NO. 3236; Rs. per quintal.
Resource Title: Crop-wise Difference Between Market Price and Cost of Production and Minimum Support Prices (MSPs) and Cost of production from 2014-15 to 2017-18 (From: Ministry of Agriculture and Farmers Welfare)