Agriculture Current Affair 23 October 2022

Wheat will be sold in open market to control prices: Food Secretary

India’s Prime Minister Narendra Modi said Tuesday the cabinet’s approval to raise the minimum support price (MSP) for all mandated rabi crops for marketing season 2023-24 will make the agriculture sector more ‘energetic’.

MSP is the rate at which the government buys grain from farmers. Currently, the government fixes MSPs for 23 crops grown in both Kharif and rabi seasons.

The MSP for lentil (Masur) has seen the highest increase of Rs 500 per quintal. Rapeseed and Mustartd has been increased by Rs 400.

MSP on wheat has been increased by Rs 110 to Rs 2,125 per quintal for this crop year from Rs 2,015 per quintal in the 2021-22 crop year.

The cost of production of wheat is estimated at Rs 1,065 per quintal.

Sowing of rabi (winter) crops begins in October, immediately after the harvest of kharif (summer) crops. Wheat and mustard are major rabi crops.

MSP hiked for wheat, pulses, mustard

The Cabinet has approved a proposal to increase the minimum support price (MSP) of

all mandated rabi crops such as wheat, pulses and mustard for the marketing season 2023-24.

The MSP for wheat has been increased by ₹110 to ₹2,125 per quintal, to help boost the production of the staple food grain and income of farmers. The increase has been the highest for lentils (masur), by ₹500 to ₹6,000 a quintal.

“The increase in MSP is reasonably good. The central government should be able to procure enough wheat at this price and the farmers will also get good returns,” said Ajay Goyal, a flour miller and exporter from Maharashtra.

Assam, India largest tea producer, working on a tea policy

India largest tea producer Assam is working on a tea policy. Assam’s ministry for commerce and industry have started taking suggestions and views from stakeholders. A meeting under the chairmanship of Minister of Industries and commerce Bimal Borah was held in Guwahati on Wednesday. The meeting was also attended by the representatives of various Associations.

The minister stressed that the Assam government is determined to work on the improvement of the condition on tea estates in the state. The ministry also presented the draft proposal of Tea policy which has components such as replacements of old plants and machinery, financial assistance for opening tea boutiques, new blending and packaging industries, participating in trade fairs national and international, Quality Certification for ISO/HACCP, Organic Tea Certification of the factory, export support for sending tea directly from Assam to overseas country etc.

Read More-

Leave a Reply