New Delhi, Sep 9 (TIWN) The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved increase in the Minimum Support Price (MSP) for all mandated Rabi crops for Rabi Marketing Season (RMS) 2022-23 with an aim to realigning the MSPs in favour of oilseeds, pulses, and coarse cereals over wheat.

This has been done to encourage farmers shift to a larger area for these crops and adopt best technologies and farm practices, to correct demand-supply imbalance, a Cabinet communique said.  The government has increased the MSP of Rabi crops for RMS 2022-23, to ensure remunerative prices to the growers for their produce. The highest absolute increase in MSP over the previous year has been recommended for lentil (masur) and rapeseeds and mustard (Rs 400 per quintal each) followed by gram (Rs 130 per quintal).  In case of safflower, there has been an increase of Rs 114 per quintal, in comparison to last year.