Among the 14 Kharif crops, moong witnessed the highest increase in MSP, going from Rs 7,755 to Rs 8,558 per quintal. Sesame also saw a significant increase to Rs 8,635 per quintal from Rs 7,830 in the previous season, ranking as the second-highest increase after moong.
The MSP plays a crucial role in providing a safety net to Indian farmers, ensuring they receive a minimum guaranteed price for their products. It also helps in stabilising food prices in the market and serves as a tool for the government to incentivise farmers to cultivate specific crops.
Summaries of economists' reactions to the MSP increase
Kotak Economic Research
- MSP has increased by almost 17.4 per cent annually, when factoring in productivity.
- That's lower than in previous years leading up to elections. A higher MSP would likely serve as a floor for other crops, however, this would depend heavily on supply.
- If the MSP is raised, it will likely increase demand in rural areas, but the RBI will likely seem cautious about doing so.
- The odds of a rate increase in August are high. There won't be a substantial monetary effect.
UBS Global Research
هذه القصة مأخوذة من طبعة AgroSpectrum India July 2023 من AgroSpectrum.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة AgroSpectrum India July 2023 من AgroSpectrum.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
No More Relying On Non-Renewable Energy Resources?
Cutting down on petroleum imports and rolling out effective eco-friendly policies across industries, especially the agri sector, is the key focus of the government.
Janssen PMP and Fresh Inset partner to commercialise Vidre+ freshness extension solution
Janssen PMP, a division of Janssen Pharmaceutica NV, and Fresh Inset have partnered to exclusively commercialise Fresh Inset's Vidre+ technology in Europe.
India and Denmark ink MoU on Green Shipping, Digitalisation, and Sustainable Development
India and Denmark's maritime relations continue to strengthen, with both nations working closely to advance sustainable maritime practices.
IIL launches multiple indigenous IVF media for embryo transfer of dairy animals
Indian Immunologicals Limited (IIL) announced the launch of \"Shashthi\" an indigenous InVitro Fertilization (IVF) media developed in collaboration with National Dairy Development Board (NDDB).
APEDA, LuLu Group ink MoU to promote horticulture produce in Middle East
Agricultural and Processed Food Products Export Development Authority (APEDA) has signed and exchanged a Memorandum of Understanding (MoU) with LuLu Group International for the promotion of Indian horticulture produce in Middle East markets and across the Gulf Cooperation Council LuLu MOU SIGNING LuLu (GCC) countries.
Weeds cause Rs 92,000 Cr worth loss in crop productivity: Study
A collaborative study by Dr NT Yaduraju, Dr M R Hegde and Dr AR Sadananda and the Federation of Seed Industry of India (FSII) discussed the various weed management practices using herbicides, mechanisation of weed removal, crop rotation, cover cropping, biological control among others that can lower costs by 40-60 per cent compared to traditional approaches.
BiofuelCircle launches first large-scale deployment of farm equipment in UP
BiofuelCircle, strengthened its commitment to empower rural India for generating wealth from agri-waste at an event 'Parali Se Ujjawal Bhavishya', held at the Ramnagar Biomass Bank in Barabanki, Uttar Pradesh. BiofuelCircle enables a participative ecosystem at rural level.
Crystal Crop Protection launches advance insecticide for maize and soybean
Crystal Crop Protection Limited, a leading agrochemical organisation, has launched Proclaim XTRA, its latest insecticide specifically formulated for maize and soybean.
CIFT, Kochi conducts first-drone-based marine mammal-fishery interaction study
The Central Institute of Fisheries Technology (CIFT), Kochi, has carried out a drone-based survey to study marine mammal fishery interaction.
ICRISAT conducts study on use of Spectral Matching Techniques for crop type mapping
In a recent effort to harness satellite data for countries with limited ground reference information, the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) conducted a study using Senegal as a model to test various algorithms.
