MSP hikes need to be supplemented by higher yields, say experts
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The Minimum Support Price (MSP) of rabi crops for the 2022-23 marketing season, which can start from April, was announced on Wednesday. the utmost rise was reserved for oilseeds and pulses, while the smallest amount increase was for cereals, during this case wheat.
But some experts feel that just increasing the MSP without an increase in yields and without an enormous rise in procurement doesn’t serve the aim .
“Increasing MSP is sweet but it’s its own limitations as beyond some extent it’ll start pinching the consumers. Therefore, MSP hikes got to be supplemented by rising yields which may happen through better seeds and better farming practices,” said Bimal Kothari, vice-chairman of Indian Pulses and Grains Association (IPGA).
Meanwhile, within the Rabi 2022-23 report, the CACP — which recommends the worth — said the value of production data for crops comes with a two-year lag, which makes projections difficult. Business Standard looks at the MSP hikes of main rabi crops within the last 10 years and their percentage rise compared to previous years.
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